Egypt's GASC receives offers for wheat tender Oct. 9, 2015

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