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The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, December 6, bought 350,000 MT of wheat from the Russia (290 TMT) and Ukraine (60 TMT) for January 21-31 delivery:

  • 60,000 MT of Russian wheat from Daewoo at 252.20 $/mt c&f (236.30 fob Novo+15.90 freight)
  • 55,000 MT of Russian wheat from Glencore at 253.25 $/mt c&f (236.30 fob Taman+16.95 freight)
  • 60,000 MT of Russian wheat from Aston at 253.25 $/mt c&f (237.35 fob Novo+15.90 freight)
  • 60,000 MT of Ukrainian wheat from Dreyfus at 253.30 $/mt c&f (236.60 fob Odesa+16.70 freight)
  • 55,000 MT of Russian wheat from Daewoo at 253.35 $/mt c&f (236.75 fob Tuapse+16.60 freight)
  • 60,000 MT of Russian wheat from GTCS at 253.50 $/mt c&f (237.60 fob Novo+15.90 freight)

So GASC has bought a total 4.395 MMT of wheat (3.255 MMT from Russia, 660 TMT from Romania, 300 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:

  • Daewoo:
    • 60,000 MT of Russian wheat at 236.30 $/mt fob
    • 55,000 MT of Russian wheat at 236.75 $/mt fob
  • Louis-Dreyfus: 60,000 MT of Ukrainian wheat at 237.25 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 237.65 $/mt fob
  • Glencore:
    • 55,000 MT of Russian wheat at 237.99 $/mt fob
    • 60,000 MT of Romanian wheat at 239.64 $/mt fob
  • GTCS:
    • 60,000 MT of Russian wheat at 238.00 $/mt fob
    • 60,000 MT of Russian wheat at 241.00 $/mt fob
  • ADM:
    • 60,000 MT of Romanian wheat at 240.64 $/mt fob
    • 60,000 MT of Russian wheat at 244.50 $/mt fob
  • Agro Industrial: 60,000 MT of Russian wheat at 245.00 $/mt fob
  • Garant Logistics: 60,000 MT of Russian wheat at 250.00 $/mt fob

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

  1. Daewoo: 60,000 MT of Russian wheat at 236.30+15.90=252.20 $/mt c&f
  2. Daewoo: 55,000 MT of Russian wheat at 236.75+16.65=253.40 $/mt c&f
  3. Aston: 60,000 MT of Russian wheat at 237.65+15.90=253.55 $/mt c&f
  4. GTCS: 60,000 MT of Russian wheat at 238.00+15.90=253.90 $/mt c&f
  5. Louis-Dreyfus: 60,000 MT of Ukrainian wheat at 237.25+16.70=253.95 $/mt c&f
  6. Glencore: 60,000 MT of Romanian wheat at 239.64+14.70=254.34 $/mt c&f
  7. ADM: 60,000 MT of Romanian wheat at 240.64+14.25=254.89 $/mt c&f
FeedDinner 2019