Indonesia buys wheat

Indonesia buys wheat

JAKARTA (Reuters): Indonesia has bought 745,000 tons of wheat from the United States, Australia and Canada for between $129.24 and $171 per ton, trade sources said yesterday.

They said the wheat, for which Indonesia tendered on Tuesday, was for August, September and October shipment.

The trade sources said the wheat would be received by Indonesian commodity regulator Bulog and channeled to three companies -- Citra, Sriboga and Bogasari.

U.S. wheat exporters said on Tuesday Indonesia had tendered for about 700,000 tons of wheat and was looking for financing under the U.S. GSM export credit program for a year's credit from suppliers.

Bulog was due to announce further details of the wheat tender later on Thursday.