Traders said the following offers were submitted to GASC in the first round of the tender on Thursday, January 26, for March 1-10 delivery (USD/MT, FOB):

  • Louis Dreyfus: 60,000 MT of Russian wheat at 193.74 $/mt fob Novo
  • Grainbow: 60,000 MT of Russian wheat at 192.25 $/mt fob Novo
  • Glencore: 55,000 MT of Russian wheat at 192.99 $/mt fob Taman
  • ECTP: 60,000 MT of Russian wheat at 193 $/mt fob Novo
  • Aston: 60,000 MT of Russian wheat at 194 $/mt fob Novo
  • Alegrow: 60,000 MT of Russian wheat at 194 $/mt fob Novo
  • Daewoo: 60,000 MT of Russian wheat at 194.20 $/mt fob Novo
  • Cerealcom: 60,000 MT of Romanian wheat at 194.74 $/mt fob Constanta
  • AOS: 60,000 MT of Russian wheat at 194.94 $/mt fob Novo
  • Cargill: 60,000 MT of Russian wheat at 195 $/mt fob Novo
  • ADM: 60,000 MT of Russian wheat at 196 $/mt fob Novo
  • Nidera: 60,000 MT of Romanian wheat at 196.59 $/mt fob Constanta
  • Cargill: 55,000 MT of U.S. hard red winter at 197 $/mt fob US Gulf
  • Olam: 60,000 MT of Russian wheat at 198.50 $/mt fob Novo

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

  • Aston: 60,000 MT of Russian wheat at 194+9.25=203.25 $/mt c&f
  • Grainbow: 60,000 MT of Russian wheat at 192.25+11.25=203.50 $/mt c&f
  • ECTP: 60,000 MT of Russian wheat at 193+11.25=204.25 $/mt c&f
  • Louis Dreyfus: 60,000 MT of Russian wheat at 193+11.25=204.99 $/mt c&f
  • Alegrow: 60,000 MT of Russian wheat at 194+11.79=205.79 $/mt c&f

FREIGHT

Russia

  • 60,000 MT Novorossiysk:
    • NNC $11.25
    • UME $13.76
    • Bahari $13.63
    • Venus $11.79
    • Aston $9.25
  • 55,000 MT Taman
    • NNC $12.40
    • UME $12.56
    • Bahari $14.60
    • Venus $12.99

Romania

  • NNC $10.90
  • UME $11.89
  • Bahari $12.98

US Gulf

  • UME $24.18
  • Venus $29.86