The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, December 29, bought 175,000 MT of Russian wheat and 60,000 MT of Ukrainian wheat for February 1-10 delivery:

  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 197.20 $/mt c&f (187.00 $/mt fob+10.20 $/mt freight);
  • 60,000 MT of Russian wheat from AOS/Friends at 197.35 $/mt c&f (186.25 $/mt fob+11.10 $/mt freight);
  • 55,000 MT of Russian wheat from Glencore at 197.40 $/mt c&f (187.15 $/mt fob+10.25 $/mt freight);
  • 60,000 MT of Russian wheat from ADM at 197.95 $/mt c&f (186.85 $/mt fob+11.10 $/mt freight)

It was the 19-th international tender since the start of the new fiscal year. GASC has bought 3.175 MMT (2.215 MMT from Russia, 720 TMT from Romania, 120 TMT from Argentina and 120 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):

  • AOS/Friends: 60,000 MT of Russian at 186.68 $/mt fob Novo
  • ADM: 60,000 MT of Russian at 187.50 $/mt fob Novo
  • Dreyfus: 60,000 MT of Ukrainian at 187.60 $/mt fob Odessa
  • Glencore: 55,000 MT of Russian at 188.50 $/mt fob Taman
  • Olam: 60,000 MT of Russian at 188.95 $/mt fob Novo
  • Grainbow: 60,000 MT of Russian at 189.00 $/mt fob Novo
  • Aston: 60,000 MT of Russian at 190.00 $/mt fob Novo
  • ADM: 60,000 MT of Romanian at 190.50 $/mt fob Constanta
  • Midgulf : 60,000 MT of Russian at 190.82 $/mt fob Novo
  • Alegrow: 60,000 MT of Russian at 196.00 $/mt fob Novo

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

  • AOS/Friends: 60,000 MT of Russian at 186.68+11.15=197.83 $/mt c&f
  • Dreyfus: 60,000 MT of Ukrainian at 187.60+10.23=197.83 $/mt c&f
  • ADM: 60,000 MT of Russian at 187.50+11.15=198.65 $/mt c&f
  • Glencore: 55,000 MT of Russian at 188.50+10.35=198.85 $/mt c&f
  • Olam: 60,000 MT of Russian at 188.95+10.10=199.05 $/mt c&f
  • Grainbow: 60,000 MT of Russian at 189.00+10.30=199.30 $/mt c&f
  • ADM: 60,000 MT of Romanian at 190.50+9.90=200.40 $/mt c&f