In a significant development in the global agricultural market, the U.S. Department of Agriculture (USDA) has reported a substantial sale of soybeans to China, marking a noteworthy transaction in the grain export sector. As of December 2, 2024, exporters have finalized agreements to ship 134,000 metric tons of U.S. soybeans to China for the 2024-25 delivery period. This sale underscores the ongoing demand for U.S. agricultural products in international markets, particularly from major importers like China.
In addition to soybean exports, South Korea has also made headlines by purchasing rice from the U.S. The state-backed Agro-Fisheries & Food Trade Corp. of South Korea has secured an estimated 40,000 metric tons of rice through an international tender that concluded in late November. This move reflects South Korea’s strategy to diversify its rice imports and ensure food security by sourcing from reliable suppliers.
As the global market for grains and edible oils continues to evolve, various tenders have been issued by countries seeking to procure essential commodities. Notably, Bangladesh’s state grains buyer recently closed a tender for 50,000 metric tons of rice, with the lowest bid assessed at $459.47 per metric ton, cost, insurance, and freight (CIF) liner out. However, as of now, no purchases have been confirmed from this tender, and offers are still under consideration.
Jordan has also entered the fray with its own procurement initiatives. The country’s state grain buyer has issued an international tender to acquire up to 120,000 metric tons of milling wheat from optional origins. The deadline for submission of price offers for this tender is set for December 3, indicating a proactive approach to securing necessary grain supplies.
In a parallel development, Bangladesh’s state grains buyer has initiated another tender for the purchase of 50,000 metric tons of rice, with the deadline for price submissions scheduled for December 10. This follows a previously issued tender that closed on December 2, further highlighting the active engagement of Bangladesh in the rice market.
Furthermore, Jordan’s state grain buyer has also announced a tender to procure up to 120,000 metric tons of animal feed barley, with submissions due by December 4. This initiative aims to bolster the country’s feed supply in light of increasing livestock production demands.
On the export side, Turkey’s state grain board, TMO, has issued an international tender to sell and export 100,000 metric tons of durum wheat. The deadline for price submissions for this tender is also set for December 4, reflecting Turkey’s ongoing efforts to engage in the global grain market.
In a move to cater to the growing demand for non-genetically modified organisms (non-GMO) products, South Korea’s Agro-Fisheries & Food Trade Corp. has issued international tenders for a total of 70,000 metric tons of food-quality soybeans. This includes a request for 20,000 tons in five consignments of 4,000 metric tons each, with a submission deadline of December 10. Additionally, there is a request for another 50,000 tons in two consignments of 25,000 tons each, with a deadline for submissions set for December 5.
As the agricultural landscape continues to shift, these developments in the grain and oilseed markets highlight the interconnectedness of global supply chains and the dynamic nature of international trade. The ongoing negotiations and transactions in the agricultural sector are indicative of the strategic decisions made by countries to secure their food supply and respond to market demands.
For those interested in the latest trends and updates in agriculture, staying informed about these international tenders and sales is crucial. The evolving landscape of global agriculture is marked by strategic partnerships and trade agreements that shape the availability and pricing of essential commodities worldwide.
