The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, June 22, bought 175,000 MT of wheat from Romania (120 TMT) and Ukraine (55 TMT) for July 25-August 5 delivery:

  • 60,000 MT of Romanian wheat from Cerealcom at 207.09 $/mt c&f (193.94+13.15 freight);
  • 60,000 MT of Romanian wheat from Cofco at 208.15 $/mt c&f (195.00+13.15 freight);
  • 55,000 MT of Ukrainian wheat from Venus at 209.08 $/mt c&f (190.13+18.95 freight)

It was the 31-th international tender since the start of the new fiscal year. GASC has bought 6.865 MMT (4.475 MMT from Russia, 1.38 MMT from Romania, 595 TMT from Ukraine, 180 TMT from France, 120 TMT from Argentina and 115 TMT from the US) of wheat on the international market since July 1, the start of the 2016/17

Traders said the following offers were submitted to GASC in the first round of the tender:

  • Venus: 55,000 MT of Ukrainian wheat at 190.88 $/mt fob
  • Cerealcom: 60,000 MT of Romanian wheat at 193.94 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 195.00 $/mt fob
  • AOS: 55,000 MT of Russian wheat at 195.95 $/mt fob
  • Glencore: 60,000 MT of Romanian wheat at 196.20 $/mt fob
  • Casillo: 60,000 MT of French wheat at 196.69 $/mt fob
  • Daewoo: 60,000 MT of Russian wheat at 196.75 $/mt fob
  • GTCS: 60,000 MT of Russian wheat at 196.85 $/mt fob
  • ADM:
    • 60,000 MT of Romanian wheat at 197.97 $/mt fob
    • 60,000 MT of Russian wheat at 198.85 $/mt fob
  • Friends: 60,000 MT of Romanian wheat at 203.00 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 204.00 $/mt fob

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

  1. Cerealcom: 60,000 MT of Romanian wheat at 193.94+13.15=207.09 $/mt c&f
  2. Cofco: 60,000 MT of Romanian wheat at 195.00+13.15=208.15 $/mt c&f
  3. Venus: 55,000 MT of Ukrainian wheat at 190.88+18.95=209.83 $/mt c&f
  4. Glencore: 60,000 MT of Romanian wheat at 196.20+13.65=209.85 $/mt c&f
  5. Daewoo: 60,000 MT of Russian wheat at 196.75+13.40=210.15 $/mt c&f
  6. AOS: 55,000 MT of Russian wheat at 195.95+15.55=211.50 $/mt c&f
  7. GTCS: 60,000 MT of Russian wheat at 196.85+15.00=211.85 $/mt c&f
  8. ADM: 60,000 MT of Romanian wheat at 197.97+14.32=212.29 $/mt c&f