The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, January 21, bought 115,000 MT of Russian, 60,000 MT of Romanian and 60,000 MT of French wheat for February 20-March 1 delivery:

  • 60,000 MT of Romanian wheat from Ameropa at 188.03 $/mt c&f (174.88 $/mt fob+5.15 $/mt freight from National Navigation (NNC))
  • 55,000 MT of Russian wheat from BTG at 189.35 $/mt c&f (182.5 $/mt fob+6.85 $/mt freight from NNC)
  • 60,000 MT of Russian wheat from Daewoo at 190.25 $/mt c&f (182.25 $/mt fob+8 $/mt freight from Union)
  • 60,000 MT of French wheat from Soufflet at 189.09 $/mt c&f (181.5 $/mt fob+7.59 $/mt freight from NNC)

It was the ninteenth tender since the start of the new fiscal year. GASC has bought 3.185 MMT (1.705 MMT from Russia, 400 TMT from Ukraine, 480 TMT from Romania, 420 TMT from France, 120 TMT from Argentina and 60 TMT from Poland) of wheat on the international market since July 1, the start of the 2015/16.

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

  • Soufflet: 60,000 MT of French wheat at 181.78 $/mt fob from two ports
  • BTG: 55,000 MT of Russian wheat at 182.50 $/mt fob Tuapse
  • Ameropa: 60,000 MT of Romanian wheat at 182.88 $/mt fob Constanta
  • Daewoo: 60,000 MT of Russian wheat at 186.85 $/mt fob Novo
  • Cargill: 60,000 MT of French wheat at 188.50 $/mt fob Dunkirk
  • Union Co.: 60,000 MT of Russian wheat at 191.91 $/mt fob Novo
  • Nidera: 60,000 MT of Romanian wheat at 210.00 $/mt fob Constanta

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

  • Ameropa: 60,000 MT of Romanian wheat at 188.03 $/mt c&f
  • BTG: 55,000 MT of Russian wheat at 189.35 $/mt c&f
  • Soufflet: 60,000 MT of French wheat at 189.37 $/mt c&f
  • Daewoo: 60,000 MT of Russian wheat at 191.85 $/mt c&f

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

  • Romania
    • NNC: $5.15 Constanta
  • Russia
    • NNC: $6.85 Taman
    • NNC: $5.83 Novorossiysk
    • Union Co.: $5.00 Novorossiysk
  • France
    • NNC: $7.59