The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, March 15, bought 240,000 MT of wheat from Russia (120 TMT) and Romania (120 TMT) for April 15-25 delivery:

  • 60,000 MT of Russian wheat from Aston at 233.36 $/mt c&f (216.97 fob+16.39 freight);
  • 60,000 MT of Russian wheat from GTCS at 233.39 $/mt c&f (217.00 fob+16.39 freight);
  • 60,000 MT of Romanian wheat from ADM at 234.04 $/mt c&f (218.79 fob+15.25 freight);
  • 60,000 MT of Romanian wheat from Cerealcom at 234.04 $/mt c&f (218.79 fob+15.25 freight)

It was 22-th international tender since the start of the new fiscal year. GASC has bought 5.09 MMT (4.31 MMT from Russia, 540 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:

  • ADM: 60,000 MT of Russian wheat at 223.01 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 216.97 $/mt fob
  • GTCS: 60,000 MT of Russian wheat at 217 $/mt fob
  • ADM: 60,000 MT of Romanian wheat at 218.89 $/mt fob
  • Cerealcom: 60,000 MT of Romanian wheat at 221.49 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 224.29 $/mt fob

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

  1. Aston: 60,000 MT of Russian wheat at 216.97+16.44=233.41 $/mt c&f
  2. GTCS: 60,000 MT of Russian wheat at 217.00+16.44=233.44 $/mt c&f
  3. ADM: 60,000 MT of Romanian wheat at 218.89+15.30=234.19 $/mt c&f
  4. Cerealcom: 60,000 MT of Romanian wheat at 221.49+15.30=236.79 $/mt c&f
  5. ADM: 60,000 MT of Russian wheat at 223.01+16.44=239.45 $/mt c&f