Asia millers buy more US wheat on competitive prices, Black Sea delays

millers in Sri Lanka acquired around 100,000 tons, two grain traders said on the sidelines of the event in Jakarta. “Millers are taking both U.S. soft white wheat and hard red winter wheat varieties,” said one regional trader. “There were some weather issues which delayed cargoes from the Black Sea region and U.S. prices have been pretty competitive.” This is additional demand for U.S. wheat in Asia, complementing purchases by traditional buyers such as Thailand, the Philippines and Taiwan, they said. Citing a recent deal, one of the traders said U.S. soft white wheat was sold at $270 per metric ton, including cost and freight to a buyer in Southeast Asia, while hard red winter variety was sold at $275 per ton. Both traders attending the industry event did not want to be identified as they are not authorised to speak to media. A senior executive at one Vietnamese flour miller said it was looking to buy 50,000 metric tons of U.S. wheat for December shipment. “We are checking prices ...