Egypt's GASC buys 120,000 T Russian wheat June 26, 2018

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