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