The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Tuesday, July 21, bought 175,000 MT of Russian wheat for September 1-10 delivery:

  • 60 TMT of Russian wheat from Bunge at 204.25 $/t c&f
  • 60 TMT of Russian wheat from Union (Al Wehda) at 205.25 $/t c&f
  • 55 TMT of Russian wheat from Bunge at 206.73 $/t c&f

It was the fourth tender since the start of the new fiscal year. GASC has bought 650 TMT (410 TMT from Russia, 180 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)

  • Bunge: 55 TMT of Russian wheat at $193.75, 60 TMT Russian wheat at $195.75
  • Olam: 60 TMT Russian wheat at $197.20, 60 TMT Ukraine wheat at $197.50
  • ADM: 60 TMT Romanian wheat at $197.29, 60 TMT Russian wheat at $202.80, 60 TMT French wheat at $214.90
  • Venus: 60 TMT Romanian wheat at $197.45
  • Union: 60 TMT Russian wheat at $197.50
  • Cargill: 60 TMT Romanian wheat at $198, 60 TMT Russian wheat at $200
  • Louis Dreyfus: 60 TMT Russian wheat at $198.64
  • Glencore: 55 TMT Russian wheat at $198.86
  • Nidera: 55 TMT Russian wheat at $200.48 , 60 TMT Romanian wheat at $204.64
  • Ameropa: 60 TMT Romanian wheat at $200.88 , 60 TMT Romanian wheat at $201.88
  • Aston: 60 TMT Russian wheat at $201.75
  • Alegrow: 60 TMT Russian wheat at $203
  • Vitol: 60 TMT Russian wheat at $206.20
  • Soufflet: 60 TMT French wheat at $211
  • Invivo: 60 TMT French wheat at $211.89

FREIGHT

Russia

  • NNC: $11.60, $12.98
  • Aston: $12 for own cargo
  • Union Co.: $9.25 for own cargo

Romania

  • NNC: $11.25

Ukraine

  • NNC: $13.20, $16.70 for 55 TMT cargo
  • NNC: $13.18 for 60 TMT cargo

France

  • NNC: $17.80