The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Tuesday, January 29, bought 360,000 MT of wheat from France (180 TMT) and Romania (180 TMT) for March 11-20 delivery:

  • 60,000 MT of Romanian wheat from ADM at 261.34 $/mt c&f (249.89 fob+11.45 freight)
  • 60,000 MT of Romanian wheat from Cofco at 262.21 $/mt c&f (250.76 fob+11.45 freight)
  • 60,000 MT of Romanian wheat from Cargill at 262.50 $/mt c&f (252.00 fob+10.50 freight)
  • 60,000 MT of French wheat from Soufflet at 262.80 $/mt c&f (247.8 fob+15 freight)
  • 60,000 MT of French wheat from Glencore at 262.80 $/mt c&f (247.8 fob+15 freight)
  • 60,000 MT of French wheat from Glencore at 264.95 $/mt c&f (247.8 fob+17.15 freight)

So GASC has bought a total 5.47 MMT of wheat (3.79 MMT from Russia, 960 TMT from Romania, 360 TMT from Ukraine, 180 TMT from France and 180 TMT from the US) for supply in 2018/19 (July-June)

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

  • Cargill:
    • 60,000 MT of US soft red wheat at 243.00 $/mt fob
    • 55,000 MT of US hard red wheat at 249.00 $/mt fob
    • 60,000 MT of Romanian wheat at 254.50 $/mt fob
  • Glencore: 60,000 MT of French wheat at 247.98 $/mt fob
  • Soufflet: 60,000 MT of French wheat at 249.74 $/mt fob
  • ADM:
    • 60,000 MT of Romanian wheat at 249.89 $/mt fob
    • 60,000 MT of Russian wheat at 255.00 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 250.96 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 256.69 $/mt fob
  • Daewoo:
    • 55,000 MT of Russian wheat at 258.75 $/mt fob
    • 60,000 MT of Russian wheat at 259.75 $/mt fob
  • Cearealcom: 60,000 MT of Romanian wheat at 259.90 $/mt fob
  • GTCS: 60,000 MT of Russian wheat at 260.00 $/mt fob

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

  1. ADM: 60,000 MT of Romanian wheat at 249.89+11.45=261.34 $/mt c&f
  2. Cofco: 60,000 MT of Romanian wheat at 250.96+11.45=262.41 $/mt c&f
  3. Glencore: 60,000 MT of French wheat at 247.98+17.20=265.18 $/mt c&f
  4. Soufflet: 60,000 MT of French wheat at 249.74+15.00=264.74 $/mt c&f
  5. Cargill: 60,000 MT of Romanian wheat at 254.50+10.50=265.00 $/mt c&f
  6. ADM: 60,000 MT of Russian wheat at 255.00+11.50=266.50 $/mt c&f
  7. Ameropa: 60,000 MT of Romanian wheat at 256.69+11.00=267.69 $/mt c&f