Egypt GASC buys 180,000 T Russian, French wheat / News / AgroChart

The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, December 11, bought 120 KMT of Russian and 60 KMT of French wheat for shipment January 11-20:

60 KMT of French wheat from Soufflet at 262.64 $/t c&f (247.24 $/t fob plus $15.4 freight)
60 KMT of Russian wheat from Vitol at 262.76 $/t c&f (251.38 $/t fob plus $11.38 freight)
60 KMT of Russian wheat from Bunge at 263.38 $/t c&f (252 $/t fob plus $11.38 freight)

GASC has bought 2.605 MMT (900 KMT from France, 780 KMT from Romania, 705 KMT from Russia, 55 KMT from USA and 165 KMT from Ukraine) of wheat on the international market since July 1, the start of the 2014/15.

Egypt purchased 5.46 MMT of wheat from abroad in the 2013/14 fiscal year in addition to 3.7 MMT of local wheat.

OFFERS ($/t, fob)

Soufflet: 60 KMT of French at $249.74
Glencore: 60 KMT of French at $250.10 from one port, 60 KMT of Russian at $261.30
Lecureur: 60 KMT of French at $250.85 from two ports
Vitol: 60 KMT of Russian at $251.38
Cargill: 60 KMT of French at $252.50, 60 KMT of Russian at $257.50
Nidera: 60 KMT of Argentinian at $252.50
Bunge: 60 KMT of Russian at $253.87
Louis Dreyfus: 60 KMT of Russian at $258.84, 60 KMT of U.S. soft red wheat at $277.30
Nidera: 60 KMT of Russian at $259.25
Ameropa: 60 KMT of Romanian at $261.16
Glencore: 60 KMT of Russian at $261.30
Noble: 60 KMT of Russian at $262

FREIGHT

Russia (Novorossiysk)