The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Friday, April 12, bought 240,000 MT of wheat from Romania (180 TMT) and Ukraine (60 TMT) for May 20-June 5 delivery:

  • 60,000 MT of Romanian wheat from CHS at 239.87 $/mt c&f (228.17 fob+11.70 freight)
  • 60,000 MT of Romanian wheat from Ameropa at 239.87 $/mt c&f (228.17 fob+11.70 freight)
  • 60,000 MT of Romanian wheat from Ameropa at 239.97 $/mt c&f (229.57 fob+10.40 freight)
  • 60,000 MT of Ukrainian wheat from Dreyfus at 240.00 $/mt c&f (226.60 fob+13.40 freight)

So GASC has bought a total 6.49 MMT of wheat (3.85 MMT from Russia, 1.2 MMT from Romania, 540 TMT from Ukraine, 480 TMT from France and 420 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 U.S. soft red winter at 220.50 $/mt fob Mississippi
  • CHS: 60,000 MT of Romanian wheat at 228.17 $/mt fob Constanta
  • Dreyfus: 60,000 MT of Ukrainian wheat at 228.80 $/mt fob Odessa
  • Posco:
    • 60,000 MT of Russian wheat at 229.90 $/mt fob Novorossiysk
    • 55,000 MT of Russian wheat at 229.90 $/mt fob Tuapse
  • Ameropa:
    • 2x60,000 MT of Romanian wheat at 230.49 $/mt fob Constanta
    • 55,000 MT of Russian wheat at 232.25 $/mt fob Novorossiysk
  • ADM: 60,000 MT of Romanian wheat at 232.26 $/mt fob Constanta
  • Cerealcom: 60,000 MT of Romanian wheat at 233.79 $/mt fob Constanta
  • GTCS:
    • 60,000 MT of Russian wheat at 237.00 $/mt fob Novorossiysk
    • 60,000 MT of Russian wheat at 239.00 $/mt fob Novorossiysk
  • Garant Logistic: 60,000 MT of Russian wheat at 239.50 $/mt fob Novorossiysk

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

  • CHS: 60,000 MT of Romanian wheat at 228.17+10.40=238.57 $/mt c&f
  • Ameropa: 60,000 MT of Romanian wheat at 230.49+10.40=240.89 $/mt c&f
  • Dreyfus: 60,000 MT of Ukrainian wheat at 228.80+12.56=241.36 $/mt c&f
  • Posco: 60,000 MT of Russian wheat at 229.90+11.99=241.89 $/mt c&f
  • Ameropa: 60,000 MT of Romanian wheat at 230.49+11.80=242.29 $/mt c&f
  • Posco: 55,000 MT of Russian wheat at 229.90+12.75=242.65 $/mt c&f
  • Cargill: 60,000 MT of U.S. soft red winter at 220.50+27.10=247.60 $/mt c&f