Traders said the following offers were submitted to GASC in the first round of the tender on Friday, Oct 9, (USD/MT, FOB):

  • Soufflet: 60,000 MT French at $196.74
  • Union Co.: 60,000 MT Russian at $198.11
  • ADM: 60,000 MT Romanian at $198.69; 60,000 MT Russian at $199.69
  • Cargill: 60,000 MT French at $198.80; 55,000 MT Russian at $199
  • Invivo: 60,000 MT French at $201
  • Lecureur: 60,000 MT French at $201.40
  • Bunge: 60,000 MT French at $203
  • Vitol: 60,000 MT Russian at $203
  • Glencore: 55,000 MT Russian at $206

Best offers on C&F basis was as follows:

  • Union Co.: 60,000 MT of Russian wheat at $206
  • ADM: 60,000 MT of Romanian wheat at $208.08 and 60,000 MT of Russian wheat at $208.93
  • Soufflet: 60,000 MT of French wheat at $208.96