The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Saturday, July 16, bought 180,000 MT of Romanian wheat and 120,000 MT of Russian wheat for August 21-30 delivery:

  • 120,000 MT of Romanian wheat from Ameropa at 174.33 $/mt c&f (167.67 $/mt fob+6.66 $/mt freight from Ameropa);
  • 60,000 MT of Romanian wheat from Cerealcom Dolj at 174.99 $/mt c&f (166.73 $/mt fob+8.26 $/mt freight from NNC);
  • 60,000 MT of Russian wheat from Aston at 175.05 $/mt c&f (166.80 $/mt fob+8.25 $/mt freight from Aston);
  • 60,000 MT of Russian wheat from Louis Dreyfus at 176.25 $/mt c&f (166.80 $/mt fob+9.45 $/mt freight from NNC)

It was the second international tender since the start of the new fiscal year. GASC has bought 480 TMT (240 TMT from Russia, 180 TMT from Romania and 60 TMT from Ukraine) of wheat on the international market since July 1, the start of the 2016/17.

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

  • ADM: 60,000 MT of Romanian wheat at 168.81 $/mt fob
  • ADM: 60,000 MT of Russian at 172.95 $/mt fob
  • Venus: 55,000 MT of Ukrainian at 168.00 $/mt fob
  • Union: 60,000 MT of Russian at 173.50 $/mt fob
  • Union: 55,000 MT of Russian at 173.00 $/mt fob
  • Olam: 60,000 MT of Russian at 170.89 $/mt fob
  • Casillo: 60,000 MT of Romanian at 169.90 $/mt fob
  • Noble: 60,000 MT of Russian at 171.95 $/mt fob
  • LDC: 60,000 MT of Russian at 167.94 $/mt fob
  • Cerealcom Dolj: 60,000 MT of Romanian at 166.90 $/mt fob
  • Midgulf: 60,000 MT of Russian at 172.75 $/mt fob
  • Daewoo: 60,000 MT of Russian at 171.95 $/mt fob
  • Aston: 60,000 MT of Russian at 168.44 $/mt fob
  • Ameropa: 60,000 MT of Romanian at 167.67 $/mt fob
  • Ameropa: 60,000 MT of Romanian at 168.77 $/mt fob

Best offers on C&F basis in the first round of the tender was as follows (USD/MT, C&F):

  • Ameropa: 60,000 MT of Romanian wheat at 167.67+6.66=174.33 $/mt c&f
  • Cerealcom Dolj: 60,000 MT of Romanian wheat at 166.90+8.26=175.16 $/mt c&f
  • Ameropa: 60,000 MT of Romanian wheat at 168.77+6.66=175.43 $/mt c&f
  • Aston: 60,000 MT of Russian wheat at 168.44+8.25=176.69 $/mt c&f
  • LDC: 60,000 MT of Russian wheat at 167.94+9.70=177.64 $/mt c&f