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The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Wednesday, May 17, bought 295,000 MT of wheat from the US (115 TMT), Russia (60 TMT), Romana (60 TMT) and Ukraine (60 TMT) for June 15-24 delivery:

  • 60,000 MT of Romanian wheat from Cerealcom at 207.18 $/mt c&f (197.49+9.69 freight);
  • 60,000 MT of US HRW wheat from Ameropa at 207.25 $/mt c&f (186.75+20.5 freight);
  • 55,000 MT of US HRW wheat from Louis Dreyfus at 207.9 $/mt c&f (185.4+22.5 freight);
  • 60,000 MT of Russian wheat from Midgulf at 208.49 $/mt c&f (198+10.49 freight);
  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 208.74 $/mt c&f (197.05+11.69 freight)

It was the 27-th international tender since the start of the new fiscal year. GASC has bought 5.85 MMT (3.935 MMT from Russia, 1.02 MMT from Romania, 480 TMT from Ukraine, 180 TMT from France, 120 TMT from Argentina and 115 TMT from the US) of wheat on the international market since July 1, the start of the 2016/17.

Traders said the following offers were submitted to GASC in the first round of the tender:

  • Louis Dreyfus:
    • 55,000 MT of US Hard Red Winter wheat at 185.5 $/mt fob
    • 60,000 MT of Ukrainian wheat at 197.5 $/mt fob
  • Ameropa: 60,000 MT of US Hard Red Winter wheat at 186.85 $/mt fob
  • Casillo: 60,000 MT of French wheat at 196.95 $/mt fob
  • Cerealcom: 60,000 MT of Romanian wheat at 197.49 $/mt fob
  • Midgulf: 60,000 MT of Russian wheat at 198.49 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 199.5 $/mt fob
  • Glencore: 60,000 MT of French wheat at 201.43 $/mt fob
  • AOS: 60,000 MT of Russian wheat at 202 $/mt fob
  • Union: 60,000 MT of Russian wheat at 205 $/mt fob
57 Commodity exchange

Australian grains industry at AGIC 2017