The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Saturday, July 8, bought 115,000 MT of wheat from Russia for August 10-20 delivery:

  • 55,000 MT of Russian wheat from Friends at 219.5 $/mt c&f (203.7 fob Tuapse+15.8 freight);
  • 60,000 MT of Russian wheat from Alegrow at 219.92 $/mt c&f (204.75 fob Novo+15.17 freight)

It was the second international tender since the start of the new fiscal year. GASC has bought 525,000 MT (465 TMT from Russia and 60 TMT from Romania) of wheat on the international market since July 1, the start of the 2017/18

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

  • Friends: 55,000 MT of Russian wheat at 203.79 $/mt fob
  • Alegrow: 60,000 MT of Russian wheat at 204.75 $/mt fob
  • Daewoo: 60,000 MT of Russian wheat at 206.25 $/mt fob
  • Louis Dreyfus: 60,000 MT of Russian wheat at 208.74 $/mt fob
  • GTCS: 60,000 MT of Russian wheat at 209.49 $/mt fob