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