Traders said the following offers were submitted to GASC in the first round of the tender on Wednesday, Nov 11, (USD/MT, FOB):

  • Glencore: 60,000 MT of French wheat at $200.69
  • Louis Dreyfus: 60,000 MT of French wheat at $200.84
  • Soufflet: 60,000 MT of French wheat at $200.94
  • Invivo: 60,000 MT of French wheat at $202.45
  • Cargill: 60,000 MT of French wheat at $202.60
  • Bunge: 60,000 MT of French wheat at $202.87
  • Lecureur: 60,000 MT of French wheat at $203.90
  • BTG: 55,000 MT of Russian wheat at $204
  • Union Co.: 60,000 MT of Russian wheat at $204.03
  • ADM: 60,000 MT of Russian wheat at $205.90

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

  • Union Co.: 60,000 MT of Russian wheat at $211.10
  • Glencore: 60,000 MT of French wheat at $211.15
  • Louis Dreyfus: 60,000 MT of French wheat at $211.75
  • BTG: 55,000 MT of Russian wheat at $211.88
  • Soufflet: 60,000 MT of French wheat at $211.90

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

Russia

  • Union Co. :$7.07 (Novo)
  • National Navigation: $7.99 (Novo)
  • National Navigation: $8.99 (Tuapse)
  • United Marine Egypt: $7.88 (Tuapse)

France

  • Mina: $10.91
  • United Marine Egypt: $10.46
  • Copa: $10.96
  • National Navigation: $11.50