Egypt's GASC gets offers in wheat tender May 31, 2017

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