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The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Tuesday, October 10, bought 170,000 MT of wheat from Russia for November 20-30 delivery:

  • 110,000 MT (2x55 TMT) of Russian wheat from Al Wehda/Friends at 213.66 $/mt c&f (197.97 fob+15.69 freight);
  • 60,000 MT of Russian wheat from Daewoo at 214.69 $/mt c&f (200.00 fob+14.69 freight)

It was 9-th international tender since the start of the new fiscal year. GASC has bought 2.42 MMT (1.94 MMT from Russia, 240 TMT from Romania, 180 TMT from Ukraine and 60 TMT from France) of wheat on the international market since July 1, the start of the 2017/18.

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

  • Al Wehda/Friends:
    • 55,000 MT of Russian wheat at 197.97 $/mt fob Taman
    • 60,000 MT of Russian wheat at 201.89 $/mt fob Novorossiysk
  • Posco Daewoo: 60,000 MT of Russian wheat at 200.99 $/mt fob Novorossiysk
  • GTCS: 60,000 MT of Russian wheat at 203.80 $/mt fob Novorossiysk
  • Cofco: 60,000 MT of Romanian wheat at 203.99 $/mt fob Constanta
  • Alegrow: 60,000 MT of Russian wheat at 204.55 $/mt fob Novorossiysk
  • Solaris: 60,000 MT of Russian wheat at 205.52 $/mt fob Novorossiysk
  • Aston: 60,000 MT of Russian wheat at 206.00 $/mt fob Novorossiysk
  • Casillo: 60,000 MT of French wheat at 206.69 $/mt fob 1 port
  • ADM: 60,000 MT of Romanian at 206.74 $/mt fob Constanta
  • Glencore: 60,000 MT of French at 208.50 $/mt fob 1 port
  • CHS: 60,000 MT of Romanian at 209.00 $/mt fob Constanta

The best offers on C&F basis was as follows (USD/MT, C&F):

  1. Al Wehda/Friends: 55,000 MT of Russian wheat at 197.97+15.69=213.66 $/mt c&f
  2. Posco Daewoo: 60,000 MT of Russian wheat at 200.99+14.69=215.68 $/mt c&f
  3. Al Wehda/Friends: 60,000 MT of Russian wheat at 201.89+14.69=216.58 $/mt c&f
  4. Cofco: 60,000 MT of Russian wheat at 203.99+13.45=217.44 $/mt c&f
  5. GTCS: 60,000 MT of Russian wheat at 203.80+14.50=218.30 $/mt c&f
  6. Alegrow: 60,000 MT of Russian wheat at 204.55+15.43=219.98 $/mt c&f