The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Wednesday, July 8, bought 180,000 MT of Russian, Ukrainian wheat for August 11-20 delivery:

  • 60 TMT of Russian wheat from Cargill at 212.0 $/t c&f (202 $/t fob + 10 $/t freight from National Navigation)
  • 60 TMT of Ukrainian wheat from Olam at 212.38 $/t c&f (200.5 $/t fob + 11.88 $/t freight from National Navigation)
  • 60 TMT of Russian wheat from Olam at 212.4 $/t c&f (202.4 $/t fob + 10 $/t freight from National Navigation)

It was the second tender since the start of the new fiscal year on July 1. GASC has bought 240 TMT (120 TMT from Russia, 60 TMT from Romania and 60 TMT from Ukraine) of wheat on the international market since July 1, the start of the 2015/16.

Egypt purchased 5.055 MMT of wheat from abroad in the 2014/15 fiscal year in addition to 5.3 MMT of local wheat.

OFFERS ($/t, fob)

  • Cargill: 60 TMT Russian at $202, 60 TMT French at $235, 60 TMT U.S. SRW at $250, 60 TMT U.S. HRW at $260
  • ADM: 60 TMT Romanian at $204.98, 60 TMT Romanian at $203.92
  • Louis Dreyfus: 60 TMT French at $223
  • Bunge: 60 TMT Romanian at $209.57
  • Olam: 60 TMT Ukraine at $202, 60 TMT Russian at $203
  • Ameropa: 60 TMT Romanian at $206.88, 60 TMT Romanian at $207.88
  • Soufflet: 60 TMT French at $222.74
  • Alegrow: 60 TMT Russian at $208
  • Nidera: 55 TMT Russian at $204.98
  • Invivo: 60 TMT French at $223.44
  • Vitol: 60 TMT Russian at $204.90
  • Glencore: 55 TMT Russian at $209

FREIGHT

Romania

  • National Navigation: $9.89
  • Mina Dubai: $9.42
  • Mina Cuba: $9.46

France

  • National Navigation: $14.88

Russia

  • National Navigation: $10 for 60,000 tonne cargo, $11.69 for 55,000 tonne cargo
  • Mina Shipping: $9.72
  • Mina Egypt: $9.77

Ukraine

  • National Navigation: $11.88
  • Mina Dubai: $11.19