The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Tuesday, June 26, bought 120,000 MT of wheat from Russia for Aug 11-20 delivery:

  • 120,000 MT of Russian wheat from Aston at 217.5 $/mt c&f (201.95 fob+15.55 freight)

So GASC has bought a total 780,000 MT of wheat (360 TMT from Romania and 420 TMT from Russia) for supply in 2018/19 (Jul-Jun).

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

  • Aston: two cargoes each 60,000 MT of Russian wheat at 201.95 $/mt fob
  • Daewoo: 55,000 MT of Russian wheat at 202.50 $/mt fob
  • Orsett: 60,000 MT of Russian wheat at 202.65 $/mt fob
  • GTCS:
    • 60,000 MT of Russian wheat at 202.70 $/mt fob
    • 60,000 MT of Russian wheat at 203.50 $/mt fob
    • 60,000 MT of Russian wheat at 204.00 $/mt fob
    • 60,000 MT of Russian wheat at 204.80 $/mt fob
  • ADM:
    • 60,000 MT of Romanian wheat at 203.95 $/mt fob
    • 60,000 MT of Romanian wheat at 204.95 $/mt fob
  • Alegrow: 60,000 MT of Russian wheat at 204.95 $/mt fob
  • Cofco:
    • 60,000 MT of Romanian wheat at 205.90 $/mt fob
    • 55,000 MT of Russian wheat at 207.70 $/mt fob
  • Ameropa:
    • 60,000 MT of Romanian wheat at 206.50 $/mt fob
    • 60,000 MT of Romanian wheat at 208.69 $/mt fob

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

  1. Aston: 120,000 MT of Russian wheat at 201.95+15.55=217.50 $/mt c&f
  2. Daewoo: 55,000 MT of Russian wheat at 202.05+15.70=217.75 $/mt c&f
  3. Orsett: 60,000 MT of Russian wheat at 202.65+15.55=218.20 $/mt c&f
  4. GTCS: 60,000 MT of Russian wheat at 202.70+15.55=218.25 $/mt c&f