Indonesian Mill Buys 60,000 tobbe Of Black Sea Wheat For August Shipment.

A flour mill in Indonesia last week bought up to 60,000 tonnes of wheat from the Black Sea region for August shipment. The deal was signed at around $220-$222 a tonne, including cost and freight (C&F). U.S. wheat prices offered in Asia have risen following a rally in Chicago futures. Dark Northern Spring wheat with 14% protein was quoted at $320 a tonne C&F, slightly higher than about 10 days ago. Hard Red Winter wheat was offered by trading companies at $293 a tonne, C&F, compared with $282 a tonne earlier, while soft white wheat at $255 a tonne, C&F, was slightly lower than earlier offers of $260 a tonne. Demand is picking up in Asia as buyers are realising that they are not going to get lower prices as last year.