The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, September 3, bought 170,000 MT of Russian wheat for October 11-20 delivery:

  • 60 TMT of Russian wheat from Louis Dreyfus at 187.86 $/mt c&f (178.86 $/mt fob+ 9 $/mt freight from National Navigation Company (NNC))
  • 55 TMT of Russian wheat from Glencore at 187.88 $/mt c&f (178.64 $/mt fob+9.24 $/mt freight from Union Co)
  • 55 TMT of Russian wheat from Glencore at 188.34 $/mt c&f (178.64 $/mt fob+9.70 $/mt freight from NNC)

It was the ninth tender since the start of the new fiscal year. GASC has bought 1.23 MMT (820 TMT from Russia, 230 TMT from Ukraine and 180 TMT from Romania) 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 ($/mt, fob)

  • Soufflet: 60 TMT of French wheat at $174.74
  • Glencore: 55 TMT of Russian wheat at $178.89
  • Bunge: 55 TMT of Russian wheat at $178.91; 60 TMT of French wheat at $184.74
  • Louis Dreyfus: 60 TMT of Russian wheat at $178.94
  • Venus: 55 TMT of Ukrainian wheat at $178.99
  • Granit: 60 TMT of French wheat at $179.90
  • Vitol: 60 TMT of Russian wheat at $181.88
  • Lecureur: 60 TMT of French wheat at $182.50
  • Olam: 60 TMT of Russian wheat at $182.70
  • Union Co: 60 TMT of Russian wheat at $183.13
  • BTG: 55 TMT of Russian wheat at $184.75
  • Invivo: 60 TMT of French wheat at $184.87
  • Cargill: 60 TMT of French wheat at $185.60
  • Nidera: 60 TMT of Romanian wheat at $185.88
  • ADM: 60 TMT of Romanian wheat at $185.92; 60 TMT of French wheat at $186.92
  • Alegrow: 60 TMT of Russian wheat at $186.00