The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Tuesday, July 12, bought 120,000 MT of Russian wheat and 60,000 MT of Ukrainian wheat for August 10-20 delivery:

  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 172.19 $/mt c&f (161.84 $/mt fob+10.35 $/mt freight);
  • 60,000 MT of Russian wheat from Louis Dreyfus at 173.42 $/mt c&f (164.24 $/mt fob+9.18 $/mt freight);
  • 60,000 MT of Russian wheat from Aston at 173.48 $/mt c&f (164.30 $/mt fob+9.18 $/mt freight)

It was the first international tender in the new season 2016/17. Egypt's GASC purchased 4.5 MMT of wheat from abroad in the 2015/16 fiscal year and 5.055 MMT in 2014/15 (Jul-Jun).

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

  • Olam: 60,000 MT of Russian wheat at $169.96
  • Casillo Commodities: 60,000 MT of Romanian wheat at $172.23
  • Venus: 55,000 MT of Ukraine wheat at $167.50
  • MidGulf: 60,000 MT of Russian wheat at $175.00
  • Noble: 60,000 MT of Russian wheat at $172.10
  • Union: 55,000 MT of Russian wheat at $174.50
  • Union: 60,000 MT of Russian wheat at $174.00
  • Cerealcom Dolj: 60,000 MT of Romanian wheat at $172.90
  • ADM: 60,000 MT of Romanian wheat at $171.37
  • ADM: 60,000 MT of Russian wheat at $174.50
  • Louis Dreyfus: 60,000 MT of Russian wheat at $164.24
  • Louis Dreyfus: 60,000 MT of Ukraine wheat at $161.84
  • Alegrow: 60,000 MT of Russian wheat at $173.74
  • Ameropa: 60,000 MT of Romanian wheat at $169.33
  • Ameropa: 60,000 MT of Romanian wheat at $169.33
  • Aston: 60,000 MT of Russian wheat at $167.44
  • Daewoo: 60,000 MT of Russian wheat at $174.75

Best offers on C&F basis based on ocean shipping price offers from the Egyptian shipping line, Egyptian National Navigation Company, in the first round of the tender was as follows (USD/MT, C&F):

  • Louis Dreyfus: 60,000 MT of Ukraine wheat at 161.84+10.35=172.19 $/mt c&f
  • Louis Dreyfus: 60,000 MT of Russian wheat at 164.24+9.18=173.42 $/mt c&f
  • Aston: 60,000 MT of Russian wheat at 167.44+9.18=176.62 $/mt c&f
  • Ameropa: 60,000 MT of Romanian wheat at 169.33+7.99=177.32 $/mt c&f
  • Venus: 55,000 MT of Ukraine wheat at 167.50+13.67=181.17 $/mt c&f