April 13, 2012 / 12:22 PM / in 6 years

Morocco's ONICL buys 180,000 T of soft wheat

RABAT, April 13 (Reuters) - Morocco’s state-run grains authority ONICL said on Friday it had bought in a tender 180,000 tonnes of soft wheat as the north African country braced for a sharp drop in this year’s cereals harvest.

ONICL bought the wheat at between 2,470 dirhams and 2,900 dirhams per tonne ($290-$343) under an April 10 tender that gave importers 90 days to deliver the purchased wheat, according to an announcement on its website.

The wheat will be destined to make subsidised wheat flour.

ONICL did not specify the origin of the wheat. An ONICL official has said the tender may involve the purchase of home-grown wheat stocked by authorized operators.

Reporting By Souhail Karam; editing by James Jukwey

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