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The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, November 22, bought 240,000 MT of wheat from the US (120 TMT), Russia (60 TMT) and Romania (60 TMT) for January 10-20 delivery:

  • 60,000 MT of Russian wheat from Agro Industrial at 250.30 $/mt c&f (233.50 fob+16.80 freight)
  • 120,000 MT of US soft red wheat from Cargill at 253.78 $/mt c&f (220.9 fob+32.88 freight)
  • 60,000 MT of Romanian wheat from Cerealcom at 254 $/mt c&f (238.36 fob+15.64 freight)

So GASC has bought a total 4.045 MMT of wheat (2.965 MMT from Russia, 660 TMT from Romania, 240 TMT from Ukraine and 180 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 U.S. SRW at 221 $/mt fob
  • Agro Industrial: 60,000 MT of Russian wheat at 233.50 $/mt fob
  • Glencore: 55,000 MT of Russian wheat at 238.86 $/mt fob
  • Garant Logistic: 60,000 MT of Russian wheat at 239 $/mt fob
  • Cerealcom: 60,000 MT of Romanian wheat at 239 $/mt fob
  • GTCS:
    • 60,000 MT of Russian wheat at 239.15 $/mt fob
    • 60,000 MT of Russian wheat at 242 $/mt fob
  • Alegrow: 60,000 MT of Russian wheat at 239.46 $/mt fob
  • Louis Dreyfus: 60,000 MT of Ukraine wheat at 239.75 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 239.9 $/mt fob
  • Daewoo:
    • 60,000 MT of Russian wheat at 240.30 $/mt fob
    • 60,000 MT of Russian wheat at 242.35 $/mt fob
  • ADM:
    • 60,000 MT of Romanian wheat at 240.64 $/mt fob
    • 60,000 MT of Russian wheat at 243.50 $/mt fob
  • COFCO: 60,000 MT of Romanian wheat at 242.99 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 246.50 $/mt fob

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

  1. Agro Industrial: 60,000 MT of Russian wheat at 233.50+16.80=250.30 $/mt c&f
  2. Cargill: 2x60,000 MT of U.S. SRW at 221+32.88=253.88 $/mt c&f
  3. Cerealcom: 60,000 MT of Romanian wheat at 239+15.64=254.64 $/mt c&f
  4. Garant Logistic: 60,000 MT of Russian wheat at 239+16.80=255.80 $/mt c&f
  5. GTCS: 60,000 MT of Russian wheat at 239.15+16.80=255.95 $/mt c&f
  6. Alegrow: 60,000 MT of Russian wheat at 239.46+16.80=256.26 $/mt c&f
  7. ADM: 60,000 MT of Romanian wheat at 240.64+15.64=256.28 $/mt c&f
FeedDinner 2019