<img height="1" width="1" style="display:none;" src="https://www.facebook.com/tr?id=567935313412446&ev=PageView&noscript=1"/>

The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Friday, October 26, bought 470,000 MT of wheat from Russia (350 TMT), the US (60 TMT) and Ukraine (60 TMT) for December 11-20 delivery:

  • 55,000 MT of Russian wheat from ECTP at 248.80 $/mt c&f (230.00 fob+18.80 freight)
  • 60,000 MT of Russian wheat from GTCS at 251.93 $/mt c&f (234.99 fob+16.94 freight)
  • 55,000 MT of Russian wheat from Cargill at 253.10 $/mt c&f (234.27 fob+18.83 freight)
  • 60,000 MT of Russian wheat from GTCS at 253.17 $/mt c&f (234.99 fob+18.18 freight)
  • 60,000 MT of Russian wheat from Daewoo at 253.17 $/mt c&f (234.99 fob+18.18 freight)
  • 60,000 MT of Russian wheat from Aston at 253.17 $/mt c&f (234.99 fob+18.18 freight)
  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 253.17 $/mt c&f (234.58 fob+18.59 freight)
  • 60,000 MT of US soft red wheat from Cargill at 253.97 $/mt c&f (218.5 fob+35.47 freight)

So GASC has bought a total 3.805 MMT of wheat (2.905 MMT from Russia, 600 TMT from Romania, 240 TMT from Ukraine and 60 TMT from the US) for supply in 2018/19 (July-June)

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

  • Cargill:
    • 2x60,000 MT of US SRW at 219 $/mt fob
    • 55,000 MT of Russian at 235 $/mt fob
  • ECTP: 55,000 MT of Russian at 230 $/mt fob
  • Daewoo: 60,000 MT of Russian at 234.99 $/mt fob
  • Louis Dreyfus: 60,000 MT of Ukrainian at 235 $/mt fob
  • Aston:
    • 60,000 MT of Russian at 235.80 $/mt fob
    • 60,000 MT of Russian 237.80 $/mt fob
  • GTCS:
    • 60,000 MT of Russian at 235.85 $/mt fob
    • 60,000 MT of Russian at 236.95 $/mt fob
  • Agro ASP: 60,000 MT of Russian at 237 $/mt fob
  • Glencore: 55,000 MT of Russian at 237.86 $/mt fob
  • ADM:
    • 60,000 MT of Russian at 239.50 $/mt fob
    • 60,000 MT of Romanian at 241.23 $/mt fob
  • Garant Logistics: 60,000 MT of Russian at 241 $/mt fob
  • Ameropa: 60,000 MT of Romanian at 241.67 $/mt fob
  • Soufflet: 60,000 MT of French at 243.5 $/mt fob
  • CHS: 60,000 MT of Romanian at 243.75 $/mt fob
  • Cofco:
    • 60,000 MT of Romanian at 245 $/mt fob
    • 55,000 MT of Russian at 242 $/mt fob

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

  1. ECTP: 55,000 MT of Russian wheat at 230+18.80=248.80 $/mt c&f
  2. Daewoo: 60,000 MT of Russian wheat at 234.99+18.18=253.17 $/mt c&f
  3. Louis Dreyfus: 60,000 MT of Ukrainian wheat at 235+18.59=253.59 $/mt c&f
  4. GTCS: 60,000 MT of Russian wheat at 236.95+16.94=253.89 $/mt c&f
  5. Cargill: 55,000 MT of Russian wheat at 235+18.90=253.90 $/mt c&f
  6. Aston: 60,000 MT of Russian wheat at 235.80+18.18=253.98 $/mt c&f
  7. GTCS: 60,000 MT of Russian wheat at 235.85+18.18=254.03 $/mt c&f
  8. Cargill: 60,000 MT of US soft red wheat at 219+35.49=254.49 $/mt c&f
  9. Agro AST: 60,000 MT of Russian wheat at 237+17.70=254.70 $/mt c&f
  10. Cargill: 60,000 MT of US soft red wheat at 219+37.50=256.50 $/mt c&f
FeedDinner 2019