The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Wednesday, March 2, bought 120,000 MT of Romanian and 60,000 MT of Ukrainian wheat for April 5-14 delivery:

  • 60,000 MT of Romanian wheat from Ameropa at 184.38 $/mt c&f (179.5 $/mt fob+4.88 $/mt freight)
  • 60,000 MT of Romanian wheat from Cerealcom Dolj at 184.38 $/mt c&f (176.93 $/mt fob+7.45 $/mt freight)
  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 185.38 $/mt c&f (176.5 $/mt fob+8.88 $/mt freight)

It was the 26-th tender since the start of the new fiscal year. GASC has bought 3.965 MMT (1.885 MMT from Russia, 780 TMT from Romania, 540 TMT from France, 520 TMT from Ukraine, 180 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):

  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 176.84 $/mt fob Odessa
  • Cerealcom Dolj: 60,000 MT of Romanian wheat at 177.50 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 179.50 $/mt fob
  • ADM: 55,000 MT of Russian wheat at 183.45 $/mt fob
  • Union Co: 60,000 MT of Russian wheat at 183.89 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 188.88 $/mt fob

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

  • Ameropa: 60,000 MT of Romanian wheat at 179.50+4.88=184.38 $/mt c&f
  • Cerealcom Dolj: 60,000 MT of Romanian wheat at 177.50+7.45=184.95 $/mt c&f
  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 176.84+9.25=186.09 $/mt c&f
  • Union Co: 60,000 MT of Russian wheat at 183.89+7=190.89 $/mt c&f
  • ADM: 55,000 MT of Russian wheat at 183.45+8.53=191.98 $/mt c&f
  • Aston: 60,000 MT of Russian wheat at 188.88+7.18=196.06 $/mt c&f