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The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, August 2, bought 240,000 MT of wheat from Russia (180 TMT) and Romania (60 TMT) for September 11-20 delivery:

  • 60,000 MT of Russian wheat from Aston at 251.96 $/mt c&f (235.5 fob+16.46 freight);
  • 60,000 MT of Russian wheat from Posco Daewoo at 253.25 $/mt c&f (238.25 fob+15 freight);
  • 60,000 MT of Romanian wheat from Ameropa at 253.56 $/mt c&f (238.22 fob+15.34 freight);
  • 60,000 MT of Russian wheat from GTCS at 254.46 $/mt c&f (238 fob+16.46 freight)

So GASC has bought a total 1.615 MMT of wheat (1.015 MMT from Russia, 540 TMT from Romania and 60 TMT from Ukraine) for supply in 2018/19 (July-June).

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

  • Aston: 60,000 MT of Russian wheat at 235.5 $/mt fob
  • GTCS:
    • 60,000 MT of Russian wheat at 238 $/mt fob
    • 60,000 MT of Russian wheat at 245 $/mt fob
  • Ameropa:
    • 60,000 MT of Romanian wheat at 238.22 $/mt fob
    • 60,000 MT of Romanian wheat at 240.55 $/mt fob
  • Daewoo: 60,000 MT of Russian wheat at 238.25 $/mt fob
  • CHS: 60,000 MT of Romanian wheat at 245.57 $/mt fob

Offers on C&F basis were as follows (USD/MT, C&F):

  1. Aston: 60,000 MT of Russian wheat at 235.5+16.46=251.96 $/mt c&f
  2. Daewoo: 60,000 MT of Russian wheat at 238.25+15=253.25 $/mt c&f
  3. Ameropa: 60,000 MT of Romanian wheat at 238.22+15.34=253.56 $/mt c&f
  4. GTCS: 60,000 MT of Russian wheat at 238+16.46=254.46 $/mt c&f
  5. Ameropa: 60,000 MT of Romanian wheat at 240.55+14.25=254.8 $/mt c&f
  6. GTCS: 60,000 MT of Russian wheat at 245+16=261 $/mt c&f
  7. CHS: 60,000 MT of Romanian wheat at 245.57+16.36=261.93 $/mt c&f
FeedDinner 2019