The lowest bid for Tunisia's soft wheat tender is $267.59 per ton, with traders saying negotiations over terms are ongoing.

⑴ Traders reported that the Tunisian state grain agency on Thursday received the lowest offer of $267.59 per ton CIF in its international tender for about 75,000 tons of soft wheat. The lowest offer is believed to have been submitted by trading company Bunge for a volume of 25,000 tons. Bunge also made an all-or-nothing bid of $268.16 per ton for the full quantity, with the condition that either all 75,000 tons are purchased or none at all.⑵ The offers are still under review and no purchase has been reported. If the lowest offer’s attached condition is deemed unattractive, it may not be accepted. The required shipping period is between July 1 and August 15, depending on the origin of supply. The last reported soft wheat tender by the Tunisian state grain agency was on March 31, when around 100,000 tons were purchased.⑶ The emergence of an all-or-nothing offer indicates sellers hope to lock in a full batch sale in a volatile market environment, avoiding the execution risks associated with partial deals. Ongoing review of the offers suggests buyers are weighing price against delivery conditions, including origin, shipping window, and potential geopolitical transport risks. The situation in the Strait of Hormuz and its indirect impact on Black Sea and wheat trade routes may also be considered by the buyers.