Traders said the following offers were submitted to GASC in the first round of the tender on Wednesday, May 31, for July 1-10 delivery: (USD/MT, FOB):

  • ADM:
    • 60,000 MT of Romanian wheat at 191.46 $/mt fob
    • 60,000 MT of Russian wheat at 203.85 $/mt fob
  • Midgulf: 60,000 MT of Russian wheat at 192.24 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 197.00 $/mt fob
  • Cerealcom: 60,000 MT of Romanian wheat at 197.49 $/mt fob
  • Louis Dreyfus:
    • 55,000 MT of US hard red winter wheat at 197.70 $/mt fob
    • 60,000 MT of Russian wheat at 208.00 $/mt fob
  • AOS: 60,000 MT of Russian wheat at 198.00 $/mt fob
  • Glencore: 60,000 MT of French wheat at 198.29 $/mt fob
  • Alegrow: 60,000 MT of Russian wheat at 199.60 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 199.99 $/mt fob
  • Friends: 60,000 MT of Russian wheat at 200.00 $/mt fob
  • Invivo: 2x60,000 MT of Romanian wheat at 202.68 $/mt fob
  • Cargill: 60,000 MT of Romanian wheat at 203.00 $/mt fob
  • Ameropa: 60,000 MT of US hard red winter wheat at 204.75 $/mt fob

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

  1. ADM: 60,000 MT of Romanian wheat at 191.46+10.10=201.56 $/mt c&f
  2. Midgulf: 60,000 MT of Russian wheat at 192.24+10.90=203.14 $/mt c&f
  3. Cerealcom: 60,000 MT of Romanian wheat at 197.49+10.10=207.59 $/mt c&f
  4. Aston: 60,000 MT of Russian wheat at 197.00+10.90=207.90 $/mt c&f
  5. AOS: 60,000 MT of Russian wheat at 198.00+10.90=208.90 $/mt c&f
  6. Cofco: 60,000 MT of Romanian wheat at 199.99+10.60=210.59 $/mt c&f
  7. Alegrow: 60,000 MT of Russian wheat at 199.60+11.54=211.14 $/mt c&f