Egypt's state grain buyer GASC asked suppliers on Saturday to extend the validity of their offers in its wheat tender until Sunday when it will continue talks and announce results.

Traders said the following offers were submitted to GASC in the first round of the tender on Saturday, Feb 13, (USD/MT, FOB):

  • Soufflet: 60,000 MT of French wheat at $186.5
  • Al-Wehda (Union Co):
    • 60,000 MT of Russian wheat at $188.6
    • 60,000 MT of Russian wheat at $189.6
  • Aston: 60,000 MT of Russian wheat at $191.84

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

  • Soufflet: 60,000 MT of French wheat at 186.5+7.5(or 8.95)=194 (or 195.45) $/mt c&f
  • Union Co:
    • 60,000 MT of Russian wheat at 188.6+6.60=195.2 $/mt c&f
    • 60,000 MT of Russian wheat at 189.6+6.60=196.2 $/mt c&f
  • Aston: 60,000 MT of Russian wheat at 191.84+6.60=198.44 $/mt c&f