Egypt's GASC gets offers in wheat tender Nov. 16, 2017

Traders said the following offers were submitted to GASC in the first round of the tender on Thursday, November 16, for January 1-10 delivery: (USD/MT, FOB):

• GTCS: 55,000 MT of Russian wheat at 194.55 $/mt fob, 60,000 MT of Russian wheat at 195 $/mt fob, 60,000 MT of Russian wheat at 195 $/mt fob
• Daewoo: 60,000 MT of Russian wheat at 194.99 $/mt fob
• Garant Logistics: 60,000 MT of Russian wheat at 195 $/mt fob
• Union: 60,000 MT of Russian wheat at 195.50 $/mt fob, 55,000 MT of Russian wheat at 195.55 $/mt fob
• Alegrow: 60,000 MT of Russian wheat at 197.12 $/mt fob
• Cofco: 60,000 MT of Romanian wheat at 203.99 $/mt fob

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

• GTCS: 55,000 MT at 194.55+14.50=209.05 $/mt c&f from Tuapse port
• Daewoo: 60,000 MT at 194.99+14.80=209.79 $/mt c&f from Novorossiysk port
• Garant: 60,000 MT at 195.00+14.80=209.80 $/mt c&f from Novorossiysk port
• GTCS: 60,000 MT at 195.00+14.80=209.80 $/mt c&f from Novorossiysk port
• Union: 60,000 MT at 195.50+14.50=210.00 $/mt c&f from Novorossiysk port