Traders said the following offers were submitted to GASC in the first round of the tender on Tuesday, Nov 10, (USD/MT, FOB):

  • Venus: 55,000 MT of Ukraine wheat at $197.50
  • Glencore: 60,000 MT of French wheat at $201.55
  • Soufflet: 60,000 MT of French wheat at $202.14
  • Lecureur: 60,000 MT of French wheat at $202.60
  • Louis Dreyfus: 60,000 MT of French wheat at $202.94
  • Invivo: 60,000 MT of French wheat at $203.16
  • Bunge: 60,000 MT of French wheat at $203.24
  • Union Co.: 60,000 MT of Russian wheat at $203.66
  • BTG: 55,000 MT of Russian wheat at $204
  • Cargill: 60,000 MT of French wheat at $205
  • Noble: 60,000 MT of Russian wheat at $206.70
  • ADM: 60,000 MT of Russian wheat at $207.90

Best offers on C&F basis was as follows (USD/MT, C&F):

  • Union Co.: 60,000 MT of Russian wheat at $210.32
  • Venus: 55,000 MT of Ukraine wheat at $211.19
  • BTG: 55,000 MT of Russian wheat at $213.18
  • Glencore: 60,000 MT of French wheat at $213.73
  • Soufflet: 60,000 MT of French wheat at $214.32

Freight (ocean shipping) offers (USD/MT):

Ukraine

  • National Navigation: $13.69
  • United Marine: $11.98

France

  • National Navigation: $12.18
  • United Marine: $11.08
  • Venus: $11.27

Russia

  • National Navigation: $7.99 for 60,000 MT cargo and $9.18 for 55,000 MT cargo
  • United Marine: $8.49 for 60,000 MT cargo and $8.99 for 55,000 MT cargo
  • Union: $6.66 for own cargo