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The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Wednesday, November 8, bought 120,000 MT of wheat from Russia for December 15-30 delivery:

  • 60,000 MT of Russian wheat from ADM at 210.00 $/mt c&f (196.50 fob+13.50 freight);
  • 60,000 MT of Russian wheat from Union at 210.00 $/mt c&f (196.50 fob+13.50 freight)

It was 11-th international tender since the start of the new fiscal year. GASC has bought 2.77 MMT (2.29 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:

  • ADM: 60,000 MT of Russian wheat at 196.50 $/mt fob and 55,000 MT of Russian wheat at 195.30 $/mt fob and 60,000 MT of Romanian wheat at 204.90 $/mt fob
  • Union: 60,000 MT of Russian wheat at 196.50 $/mt fob and 60,000 MT of Russian wheat at 196.96 $/mt fob
  • Grant Logistics: 60,000 MT of Russian wheat at 196.90 $/mt fob
  • Daewoo: 60,000 MT of Russian wheat at 197.75 $/mt fob and 55,000 MT of Russian wheat at 197.30 $/mt fob
  • Alegrow: 60,000 MT of Russian wheat at 199.20 $/mt fob
  • GTCS: 2 cargoes each 60,000 MT of Russian wheat at 199.97 $/mt fob and 55,000 MT of Russian wheat at 198.99 $/mt fob
  • CHS: 60,000 MT of Romanian wheat at 204 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 205.48 $/mt fob

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

  1. ADM: 60,000 MT of Russian wheat at 196.50+13.50=210 $/mt c&f
  2. Union: 60,000 MT of Russian wheat at 196.50+13.50=210 $/mt c&f
  3. Grant Logistics: 60,000 MT of Russian wheat at 196.90+14.48=211.38 $/mt c&f
  4. Union: 60,000 MT of Russian wheat at 196.96+14.48=211.44 $/mt c&f
  5. ADM: 55,000 MT of Russian wheat at 195.30+16.68=211.98 $/mt c&f