Traders said the following offers were submitted to GASC in the first round of the tender on Friday, January 20, for February 22-March 3 delivery (USD/MT, FOB):

  • Louis Dreyfus: 60,000 MT of Ukraine wheat at 188.74 $/mt fob Odesa
  • Alegrow: 60,000 MT of Russian wheat at 193.50 $/mt fob Novo
  • ECTP: 60,000 MT of Russian wheat at 194 $/mt fob Novo
  • Olam: 60,000 MT of Russian wheat at 194 $/mt fob Novo
  • Glencore: 60,000 MT of Russian wheat at 194 $/mt fob Taman
  • Daewoo: 60,000 MT of Russian wheat at 194.75 $/mt fob Novo
  • ADM: 60,000 MT of Russian wheat at 195 $/mt fob Novo
  • Nidera: 60,000 MT of Romanian wheat at 196.95 $/mt fob Constanta

The offers on C&F basis was as follows (USD/MT, C&F):

  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 188.74+12.43=201.17 $/mt c&f
  • Allegro: 60,000 MT of Russian wheat at 193.50+10.89=204.39 $/mt c&f
  • ECTP: 60,000 MT of Russian wheat at 194.00+10.89=204.89 $/mt c&f
  • Olam: 60,000 MT of Russian wheat at 194.00+10.89=204.89 $/mt c&f
  • Glencore: 55,000 MT of Russian wheat at 194.00+11.91=205.91 $/mt c&f