The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, July 02, bought 60,000 MT of Romanian wheat for August 1-10 delivery:

  • 60 TMT of Romanian wheat from ADM at 212.47 $/t c&f (202.82 $/t fob + 9.65 $/t freight)

GASC purchased 5.055 MMT (2.04 MMT from France, 1.32 MMT from Romania, 1.185 MMT from Russia, 345 TMT from US and 165 TMT from Ukraine) of wheat on the international market in the 2014/15 (July-June). Apart from purchases on the international market, Egypt is also buys local wheat. In the 2015 procurement season (usually from mid-April to mid-July, but this year to mid-June) the country bought a record 5.3 MMT of wheat from domestic farmers.

Egypt purchased 5.46 MMT of wheat from abroad in the 2013/14 fiscal year in addition to 3.7 MMT of local wheat.

OFFERS ($/t, fob)

  • Louis Dreyfus: 60 TMT of Russian wheat at $204.74
  • Olam: 60 TMT of Russian wheat at $210
  • Cargill: 60 TMT of Russian wheat at $210.50
  • Glencore: 55 TMT of Russian wheat at $210.25
  • Vitol: 60 TMT of Russian wheat at $214.88
  • Union: 60 TMT of Russian wheat at $210
  • Nidera: 55 TMT of Russian wheat at $207.89, 60 TMT of Romanian wheat at $202.95
  • Alegrow: 60 TMT of Russian wheat at $209
  • Venus: 55 TMT of Ukraine wheat at $200
  • Bunge: 60 TMT of French wheat at $226.74
  • Soufflet: 60 TMT of Russian wheat at $227
  • Invivo: 60 TMT of French wheat at $229.85
  • ADM: 60 TMT of Romanian wheat at $205.92

FREIGHT

Ukraine

  • National Navigation Company: $15.15
  • United Marine Egypt: $13.38
  • Mina Dubai: $14.90
  • Copa: $15.15
  • Venus: $21.18

Russia (Novo)

  • Union: $7
  • National Navigation Company: $10.18
  • United Marine Egypt: $8.98
  • Mina Dubai: $9.68
  • Copa: $9.84

Russia (Tuapse)

  • National Navigation Company: $11.69
  • Mina Dubai: $10.70
  • Copa: $10.90
  • Venus: $11.13

Russia (Taman)

  • National Navigation Company: $11.69
  • Mina Dubai: $10.70
  • Copa: $10.90
  • Venus: $10.95

Romania

  • National Navigation Company: $9.65
  • United Marine Egypt: $9.24
  • Mina Dubai: $9.38
  • Copa: $9.54
  • Venus: $9.82

France

  • Venus: $12.95
  • Mina Dubai: $14.20
  • Copa: $14.35
  • Mina Egypt: $15.85