Lithuania is a world-renowned exporter of wheat due to its extremely high quality and competitive price. Currently, as a wheat exporter, Lithuania is in the Top 10 of the world’s largest wheat exporters, exporting up to 4 million tonnes of wheat annually. The biggest buyers of Lithuanian wheat are Nigeria, Saudi Arabia, the Republic of South Africa, Turkey, Morocco, Algeria, Kenya, Sudan, China.
The Lithuanian Association of Grain Processors’ and Traders’ (LGPTA) informs that last week, Lithuanian wheat participated in the Iraq tender for the first time in the history of Lithuanian wheat export. In terms of quality and price, Lithuanian wheat has created serious competition for other countries. Although the tender was cancelled, LGPTA hopes that Lithuania, as a high-quality wheat exporter, will be able to compete in the near future.
We start this week with the following Lithuanian grain prices:
- Low-quality Lithuanian wheat at FOB Klaipėda is evaluated as follows in comparison with other competitive bases:
Price of high quality Lithuanian wheat:
EUR/USD close: 0.989
The price of Lithuania wheat as per Iraqi specs is usd 415/425 per mt fob.
Freight is usd 85 per mt liner terms.
Description of cargo
‘HARD WHEAT’ is a grass originating from the family of Triticum durum Desf.
Minimum 78 kg/hl, analysis method AACC 55-10
Minimum 11% on 12% moisture basis, analysis method AACC 39-11
Maximum 12%, analysis method AACC 44-11
Maximum 1%, analysis method ISO 7970
Shrunken and broken kernels
Maximum 5%, analysis method ISO 7970 with sieves oblong opening 3/8 x 0.064 inch
Maximum 0.05%, analysis method ISO 7970
Minimum 28%, analysis method AACC 38-12
Minimum 280 sec, analysis method AACC 56-81/B
According to Iraqi standard specification 2058/1998
Within the allowed international limits
Maximum level 5 ppb