European traders indicated on Thursday that they suspect the Lebanese government has procured around 72,000 tons of wheat flour in a recent tender, and the entire quantity is anticipated to be sourced from Ukraine.

The wheat was urgently required for prompt delivery to Beirut.

The procurement process involved 30,000 tons at an estimated rate of $250.50 per ton, excluding unloading expenses and encompassing cost and shipping, with shipment scheduled between January 20th and February 15th.

Furthermore, ten thousand tons were purchased for $252.00 per ton, excluding unloading costs and encompassing cost and shipping, for shipment between January 18th and February 15th.

"An additional 32,000 tons were secured at $252.50 per ton for shipment between the fifth and twentieth of February.

Traders mentioned that the financing for the acquisition would be provided by the World Bank as part of its ongoing initiative to purchase wheat to aid Lebanon in its challenging financial situation.

These reports reflect traders' evaluations, and additional details regarding prices and quantities may emerge later."