PARIS/HAMBURG: Traders bought up to seven shipments of French wheat aimed for Pakistan as part of a 300,000 tonne tender last week, European traders said on Tuesday, in a further sign that importing countries are turning to western Europe to fill a gap left by missing Black Sea grain.
A severe drought in Pakistan and the impact of higher fertiliser prices have led the country to make large purchases on the world market where supplies have tightened since Russia's invasion of Ukraine.
"It looks like most Pakistan sales made earlier last week are being covered from France, whereas it would have been a typical Black Sea business under normal circumstances but France looks competitive now," a trader said.
The Trading Corporation of Pakistan (TCP) in its international tender last week is reported to have bought 240,000 tonnes from trading house Viterra and 60,000 tonnes from Aston, all at $404.86 c&f free out. Shipment was sought between Aug. 1-25.
China also made a large purchase of French wheat last week, with latest trade estimates putting the volume at between seven and 10 shipments.
"This is another confirmation of France’s good export prospects as the war in Ukraine continues to make Black Sea exports difficult," a second trader said.
Traders, however, said it still could not be ruled out that some Russian wheat could be supplied in the tenders.
"As the purchases are optional origin, you can never make an absolutely categorical statement on this matter," a third trader said.
TCP is tendering again this week to purchase an additional 200,000 tonnes of wheat for shipment between Sept. 1-16.
The lowest offer in the tender which closed on Monday was believed to be $407.49 a tonne c&f, European traders said in initial assessments on Tuesday.
TCP is undertaking its usual policy of asking more trading houses participating in this week's tender to match the lowest price offered, traders said. This could take until Thursday when the Pakistani government will be asked to approve the purchase.
Traders turn to French wheat aimed for Pakistan as Black Sea supplies tighten
https://arab.news/rma5h
Traders turn to French wheat aimed for Pakistan as Black Sea supplies tighten
- A severe drought in Pakistan and the impact of higher fertiliser prices have led the country to make large purchases
- Traders said it still could not be ruled out that some Russian wheat could be supplied in the tenders
Saim Ayub, Abrar Ahmed star in Pakistan’s ODI series win over South Africa
- Pakistan secure first home ODI series win over South Africa after two previous defeats
- Quinton de Kock tops 7,000 ODI runs as South Africa collapse from 72-0 to 143 all out
FAISALABAD: Saim Ayub hit a half century and spinner Abrar Ahmed took four wickets as Pakistan beat South Africa by seven wickets in the third one-day international on Saturday, taking the series 2-1.
Left-handed opener Ayub smashed 11 boundaries and a six in his 70-ball 77 to steer Pakistan to a 144-run chase in 25.1 overs after Abrar’s 4-27 had routed South Africa for 143 in 37.5 overs.
Ayub added 65 runs for the second wicket with Babar Azam (27) after Nandre Burger dismissed opener Fakhar Zaman for nought with the second ball of the innings.
Azam fell run out, much to the disappointment of a packed 16,000 Iqbal Stadium in Faisalabad, having now gone 32 innings without an ODI hundred.
Ayub fell to spinner Bjorn Fortuin before Mohammad Rizwan, 32 not out, and Salman Agha, five not out, completed the chase.
The ODI series win is Pakistan’s first against South Africa at home, having lost 3-2 twice in 2003 and 2007.
Pakistan won the first match by two wickets and South Africa took the second by eight wickets, also in Faisalabad.
Victorious skipper Shaheen Shah Afridi said: “It’s a complete team effort and a reward for hard work.”
Shaheen, captaining Pakistan for the first time in ODIs, added: “This win will give us confidence for the coming matches.”
Visiting skipper Matthew Breetzke praised Abrar.
“We wanted a total of 250-plus but Abrar bowled very well and we lost too many wickets,” said Breetzke, standing in for injured skipper Temba Bavuma.
Earlier, Abrar combined with Salman Agha (2-18) and pacer Shaheen (2-18) routed South Africa who won the toss and batted, but only four batters crossed double figures.
Quinton de Kock followed his hundred in the second match with a top score of 53 off 70 balls with a six and six boundaries while Lhuan-dre Pretorius knocked a 45-ball 39 with a six and four boundaries.
When on 44, De Kock completed 7,000 runs in 158th innings, the second fastest to the milestone behind countryman Hashim Amla in 150 innings.
De Kock, 32, is the fifth South African to score 7,000 or more ODI runs behind Jacques Kallis (11,550), AB de Villiers (9427), Amla (8113) and Herschelle Gibbs (8094).
De Kock and Pretorius set the platform with a 72-run opening stand before the spinners hit back for Pakistan as the visitors lost their nine wickets for 56 runs.
Agha dismissed Pretorius and Tony de Zorzi for two in the space of 15 runs before left-arm spinner Mohammad Nawaz ended all hopes of a big total with the wicket of De Kock in the 25th over.
Abrar jolted the innings by dismissing Rubin Hermann (one), Donovan Ferreira (seven) and Corbin Bosch (nought) in successive overs.
He then ended Breetzke’s resistence-filled 16 to improve on his previous best of 4-33 which came against Zimbabwe in Harare last year.
Shaheen had Nqabayomzi Peter (16) and Lungi Ngidi (nought) to wrap up the innings in the 38th over.
