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Egypt's GASC gets offers in wheat tender March 29, 2018

Traders said the following offers were submitted to GASC in the first round of the tender on Thursday, March 29, for April 28-May 8 delivery: (USD/MT, FOB):

  • GTCS:
    • 55,000 MT of Russian wheat at 217 $/mt fob,
    • 60,000 MT of Russian wheat at 218 $/mt fob,
    • 60,000 MT of Russian wheat at 220 $/mt fob
  • Daewoo: 60,000 MT of Russian wheat at 218.5 $/mt fob
  • ADM: 60,000 MT of Russian wheat at 219.5 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 219.7 $/mt fob
  • Cargill: 60,000 MT of Romanian wheat at 221 $/mt fob
  • Ameropa:
    • 60,000 MT of Romanian wheat at 221.09 $/mt fob,
    • 60,000 MT of Romanian wheat at 222.59 $/mt fob
  • Solaris: 55,000 MT of Russian wheat at 223.22 $/mt fob (Disqualified)
  • Casillo: 60,000 MT of French wheat at 225.23 $/mt fob

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

  1. GTCS: 55,000 MT of Russian at 217+17.12=234.12 $/mt c&f
  2. GTCS: 60,000 MT of Russian at 218+16.20=234.20 $/mt c&f
  3. Daewoo: 60,000 MT of Russian at 218.50+16.20=234.70 $/mt c&f
  4. ADM: 60,000 MT of Russian at 219.50+16.20=235.70 $/mt c&f
  5. Aston: 60,000 MT of Russian at 219.70+16.20=235.90 $/mt c&f