Traders said the following offers were submitted to GASC in the first round of the tender on Tuesday, August 29, for October 1-10 delivery: (USD/MT, FOB):

  • Daewoo: 60,000 MT of Russian wheat at 186.05 $/mt fob
  • Louis Dreyfus: 60,000 MT of Ukrainian wheat at 187.00 $/mt fob
  • GTCS:
    • Two cargoes 60,000 MT of Russian wheat at 188.00 $/mt fob each and/or
    • 55,000 MT of Russian wheat at 187.00 $/mt fob
  • Olam: 60,000 MT of Russian wheat at 189.95 $/mt fob
  • Alegrow: 60,000 MT of Russian wheat at 190.20 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 190.50 $/mt fob
  • Garant Logistics: 60,000 MT of Russian wheat at 190.90 $/mt fob
  • ADM:
    • 60,000 MT of Russian wheat at 195.00 $/mt fob and/or
    • 55,000 MT of Russian wheat at 192.30 $/mt fob
    • 60,000 MT of Romanian wheat at 201.75 $/mt fob
  • Friends: 60,000 MT of Russian wheat at 195.19 $/mt fob
  • Glencore: 60,000 MT of French wheat at 195.69 $/mt fob
  • Casillo: 60,000 MT of French wheat at 195.99 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 199.00 $/mt fob

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

  1. Daewoo: 60,000 MT of Russian at 186.05+14.40=200.45 $/mt c&f
  2. Louis Dreyfus: 60,000 MT of Ukrainian at 187.00+14.96=201.96 $/mt c&f
  3. GTCS: 55,000 MT of Russian at 187.00+15.26=202.26 $/mt c&f
  4. GTCS: 120,000 (2X60,000) MT of Russian at 188.00+14.63=202.63 $/mt c&f
  5. Olam: 60,000 MT of Russian at 189.95+14.69=204.64 $/mt c&f
  6. Alegrow: 60,000 MT of Russian at 190.20+14.75=204.95 $/mt c&f
  7. Aston: 60,000 MT of Russian at 190.50+15.00=205.50 $/mt c&f
  8. Garant Logistics: 60,000 MT of Russian at 190.90+15.47=206.37 $/mt c&f
  9. ADM: 60,000 MT of Russian at 192.30+15.50=207.80 $/mt c&f