Traders said the following offers were submitted to GASC in the first round of the tender on Wednesday, February 22, for March 25-April 4 delivery (USD/MT, FOB):

  • Louis Dreyfus:
    • 60,000 MT of Ukrainian wheat at 196.0 $/mt fob
    • 60,000 MT of Russian wheat at 197.24 $/mt fob
  • Cargill:
    • 60,000 MT of Russian wheat at 196.5 $/mt fob
    • 60,000 MT of French wheat at 199.0 $/mt fob
  • Olam: 60,000 MT of Russian wheat at 197.9 $/mt fob
  • ADM: 60,000 MT of Russian wheat at 199.8 $/mt fob
  • Midgulf: 60,000 MT of Russian wheat at 201.25 $/mt fob
  • Glencore: 55,000 MT of Russian wheat at 201.9 $/mt fob Taman
  • ECTP: 60,000 MT of Russian wheat at 204.0 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 205.0 $/mt fob

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

  • Cargill: 60,000 MT of Russian wheat at 196.5+10.85=207.35 $/mt c&f
  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 196+11.81=207.81 $/mt c&f
  • Louis Dreyfus: 60,000 MT of Russian wheat at 197.24+10.85=208.09 $/mt c&f
  • Olam: 60,000 MT of Russian wheat at 197.9+10.85=208.75 $/mt c&f
  • ADM: 60,000 MT of Russian wheat at 199.8+10.85=210.65 $/mt c&f