The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Tuesday, November 8, bought 180,000 MT of Russian and 60,000 MT of Romanian wheat for December 10-20 delivery:

  • 60,000 MT of Russian wheat from ECTP at 197.28 $/mt c&f (186.98 $/mt fob+10.30 $/mt freight);
  • 60,000 MT of Romanian wheat from Nidera at 199.62 $/mt c&f (191.19 $/mt fob+8.43 $/mt freight);
  • 60,000 MT of Russian wheat from Aston at 200.17 $/mt c&f (189.87 $/mt fob+10.30 $/mt freight);
  • 60,000 MT of Russian wheat from Daewoo at 200.17 $/mt c&f (189.87 $/mt fob+10.30 $/mt freight)

It was the 15-th international tender since the start of the new fiscal year. GASC has bought 2.28 MMT (1.56 MMT from Russia, 660 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):

  • ECTP: 60,000 MT of Russian at 186.98 $/mt fob
  • Cargill: 60,000 MT of U.S. soft red winter at 187.00 $/mt fob
  • Aston: 60,000 MT of Russian at 189.97 $/mt fob
  • Daewoo: 60,000 MT of Russian at 190.30 $/mt fob
  • Nidera: 60,000 MT of Romanian at 191.49 $/mt fob
  • ADM: 60,000 MT of Russian at 192.50 $/mt fob
  • Olam: 60,000 MT of Russian at 193.50 $/mt fob

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

  • ECTP: 60,000 MT of Russian at 186.98+10.35=197.33 $/mt c&f
  • Nidera: 60,000 MT of Romanian at 191.49+8.43=199.92 $/mt c&f
  • Aston: 60,000 MT of Russian at 189.97+10.35=200.32 $/mt c&f
  • Daewoo: 60,000 MT of Russian at 190.30+10.35=200.65 $/mt c&f
  • ADM: 60,000 MT of Russian at 192.50+9.22=201.72 $/mt c&f