Egypt's GASC gets offers in wheat tender from six firms March 24, 2016

Traders said the following offers were submitted to GASC in the first round of the tender on Thursday, Mar 24, for April 25-May 5 delivery (USD/MT, FOB):

• Soufflet: 60,000 MT of French wheat at $179.44
• Venus: 55,000 MT of Ukraine wheat at $184.16
• Ameropa: 60,000 MT of Romanian wheat at $185.14
• ADM:
  
  • 60,000 MT of Russian wheat at $187.45
  • 60,000 MT of Romanian wheat at $188.45
• Cerealcom Dolj: 60,000 MT of Romanian wheat at $187.50
• Union Co.: 60,000 MT of Russian wheat at $189.90

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

• Soufflet: 60,000 MT of French wheat at 179.44+10.2=189.64 $/mt c&f
• Ameropa 60,000 MT of Romanian wheat at 185.14+5.75=190.89 $/mt c&f
• Cerealcom: 60,000 MT of Romanian wheat at 187.50+7.35=194.85 $/mt c&f
• ADM:
  
  • 60,000 MT of Russian wheat at 187.45+7.82=195.27 $/mt c&f
  • 60,000 MT of Romanian wheat at 188.45+7.44=195.89 $/mt c&f