Egypt GASC buys 180,000 T Russian, French wheat Dec. 12, 2014
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 $11.38 freight)
Egypt purchased 5.46 MMT of wheat from abroad in the 2013/14 fiscal year in addition to 3.7 MMT of local wheat.
OFFERS ($/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)
- National Navigation: $11.48
- Mina Dubai: $11.14
- Copa: $11.18
- Mina Egypt: $11.23
- Empros: $11.45
Russia (Taman)
- National Navigation: $12.48
- Mina Egypt: $12.19
- Mina Dubai: $12.40
- Copa: $12.45
Romania
- National Navigation: $10.96
- Ameropa: $10.45
- Mina Dubai: $10.64
- Copa: $10.70
- Mina Egypt: $10.73
France (one port)
- National Navigation: $16.48
- Mina Egypt: $15.43
- Mina Dubai: $15.90
- Glencore: $16
- Copa: $16.05
U.S. Gulf
- Mina Egypt: $30.93
- Mina Dubai: $31.50
- Copa: $31.75
Argentina
- Mina Dubai: $29
- Copa: $29.65
