The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Tuesday, December 12, bought 295,000 MT of wheat from Russia (235 TMT) and Romania (60 TMT) for January 21-31 delivery:

  • 60,000 MT of Russian wheat from Friends/Union at 207.89 $/mt c&f (193.49 fob+14.4 freight);
  • 60,000 MT of Romanian wheat from Cerealcom at 208.00 $/mt c&f (194.43 fob+13.57 freight);
  • 60,000 MT of Russian wheat from Daewoo at 208.10 $/mt c&f (192.45 fob+15.65 freight);
  • 55,000 MT of Russian wheat from GTCS at 208.70 $/mt c&f (192.50 fob+16.20 freight);
  • 60,000 MT of Russian wheat from GTCS at 209.15 $/mt c&f (193.50 fob+15.65 freight)

It was 14-th international tender since the start of the new fiscal year. GASC has bought 3.425 MMT (2.885 MMT from Russia, 300 TMT from Romania, 180 TMT from Ukraine and 60 TMT from France) of wheat on the international market since July 1, the start of the 2017/18

Traders said the following offers were submitted to GASC in the first round of the tender:

  • Daewoo 60,000 MT of Russian wheat at 192.45 $/mt fob Novorossiysk
  • Dreyfus 60,000 MT of Russian wheat at 198.50 $/mt fob Novorossiysk
  • GTCS 60,000 MT of Russian wheat at 193.99 $/mt fob Novorossiysk and/or 55,000 MT of Russian wheat at 192.99 $/mt fob Tuapse
  • Cerealcom 60,000 MT of Romanian wheat at 194.49 $/mt fob Constanta
  • Aston 60,000 MT of Russian wheat at 197.00 $/mt fob Novorossiysk
  • Friends 60,000 MT of Russian wheat at 197.00 $/mt fob Novorossiysk and 60,000 MT of Russian wheat at 198.00 $/mt fob Novorossiysk
  • ADM 60,000 MT of Romanian wheat at 201.75 $/mt fob Constanta
  • Glencore 60,000 of French wheat at 208.00 $/mt fob, one port loading

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

  • Daewoo: 60,000 MT of Russian wheat at 192.45+15.75=208.20 $/mt c&f
  • GTCS: 55,000 MT of Russian wheat at 192.99+16.20=209.19 $/mt c&f
  • Cerealcom: 60,000 MT of Romanian wheat at 194.49+14.75=209.24 $/mt c&f
  • GTCS: 60,000 MT of Russian wheat at 193.99+14.40=208.39 $/mt c&f