Egypt's GASC gets offers in wheat tender Jan. 26, 2017

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