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Egypt's GASC gets offers in wheat tender Oct. 19, 2017

Traders said the following offers were submitted to GASC in the first round of the tender on Thursday, October 19, for December 1-10 delivery: (USD/MT, FOB):

  • Olam: 60,000 MT of Russian wheat at 198.35 $/mt fob
  • Union: 55,000 MT of Russian wheat at 198.98 $/mt fob
  • GTCS: 60,000 MT of Russian wheat at 200 $/mt fob and 60,000 MT of Russian wheat at 201 $/mt fob and 55,000 MT of Russian wheat at 199 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 200.45 $/mt fob
  • Daewoo: 60,000 MT of Russian wheat at 200.70 $/mt fob
  • ADM:
    • 60,000 MT of Russian wheat at 201.55 $/mt fob and/or 55,000 MT of Russian wheat at 199.55 $/mt fob
    • 60,000 MT of Romanian wheat at 206.50 $/mt fob
  • Garant Logistics: 60,000 MT of Russian wheat at 202.90 $/mt fob
  • Cofco: 60,000 MT of Russian wheat at 204.99 $/mt fob
  • Casillo: 60,000 MT of French wheat at 205.23 $/mt fob
  • Cargill: 60,000 MT of Romanian wheat at 205.55 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 208.99 $/mt fob
  • Solaris: 60,000 MT of Russian wheat at 209 $/mt fob

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

  1. Olam: 60,000 MT of Russian wheat at 198.35+15.47=213.82 $/mt c&f
  2. Union: 55,000 MT of Russian wheat at 198.98+14.87=213.85 $/mt c&f
  3. GTCS: 60,000 MT of Russian wheat at 200+14.60=214.60 $/mt c&f
  4. GTCS: 55,000 MT of Russian wheat at 199+15.90=214.90 $/mt c&f
  5. Aston: 60,000 MT of Russian wheat at 200.45+14.98=215.43 $/mt c&f
  6. ADM: 55,000 MT of Russian wheat at 199.55+15.95=215.50 $/mt c&f
  7. Daewoo: 60,000 MT of Russian wheat at 200.70+14.98=215.68 $/mt c&f