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Egypt's GASC gets offers in wheat tender Feb. 2, 2018

Traders said the following offers were submitted to GASC in the first round of the tender on Friday, February 2, for March 5-15 delivery: (USD/MT, FOB):

  • GTCS: 60,000 MT of Russian wheat at 202.70 $/mt fob
  • AOS: 60,000 MT of Russian wheat at 204.40 $/mt fob
  • Daewoo: 60,000 MT of Russian wheat at 205.30 $/mt fob
  • Friends: 60,000 MT of Russian wheat at 206.60 $/mt fob
  • 60,000 MT of Russian wheat at 207.70 $/mt fob
  • Cerealcom: 60,000 MT of Romanian wheat at 209.80 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 210.00 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 212.00 $/mt fob
  • ADM: 60,000 MT of Romanian wheat at 212.55 $/mt fob

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

  1. GTCS: 60,000 MT of Russian wheat at 202.70+15.48=218.18 $/mt c&f
  2. AOS: 60,000 MT of Russian wheat at 204.40+15.48=219.88 $/mt c&f
  3. Daewoo: 60,000 MT of Russian wheat at 205.30+15.48=220.78 $/mt c&f
  4. Friends: 60,000 MT of Russian wheat at 206.60+15.48=222.08 $/mt c&f

GASC lowered the protein requirements at the tender, reducing the minimum permissible level for Romanian, Russian and Ukraine origin wheat to 11.5% from 12%