The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Wednesday, June 19, bought 290,000 MT of wheat from Romania (180 TMT) and Russia (110 TMT) for July 22-31 delivery:

  • 120,000 MT of Romanian wheat from Ameropa at 210.45 $/mt c&f (198 fob+12.45 freight);
  • 60,000 MT of Romanian wheat from Cerealcom at 210.45 $/mt c&f (198 fob+12.45 freight);
  • 55,000 MT of Russian wheat from Posco International at 210.09 $/mt c&f (196.16 fob+13.93 freight);
  • 55,000 MT of Russian wheat from Glencore at 211.21 $/mt c&f (196.86 fob+14.35 freight)

So GASC has bought so far a total 410,000 MT of wheat (170,000 MT from Russia and 240,000 MT from Romania) for supply in 2019/20 (July-June).

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

  • Glencore: 55,000 MT of Russian wheat at 196.86 $/mt fob
  • CHS: 60,000 MT of Romanian wheat at 198.77 $/mt fob
  • Ameropa:
    • 60,000 MT of Romanian wheat at 198.89 $/mt fob
    • 60,000 MT of Romanian wheat at 199.39 $/mt fob
  • Posco International:
    • 55,000 MT of Russian wheat at 198.99 $/mt fob
    • 60,000 MT of Russian wheat at 200.90 $/mt fob
    • 55,000 MT of Russian wheat at 200.90 $/mt fob
  • Cerealcom: 60,000 MT of Romanian wheat at 199.50 $/mt fob
  • Louis Dreyfus:
    • 60,000 MT of Ukrainian wheat at 199.00 $/mt fob (disqualified)
    • 60,000 MT of Russian wheat at 201.00 $/mt fob
  • GTCS:
    • 60,000 MT of Russian wheat at 202.00 $/mt fob
    • 60,000 MT of Russian wheat at 202.50 $/mt fob
  • ADM:
    • 60,000 MT of Romanian wheat at 202.49 $/mt fob
    • 55,000 MT of Russian wheat at 204.00 $/mt fob
  • Garant Logistics: 60,000 MT of Russian wheat at 203.50 $/mt fob

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

  1. Glencore: 55,000 MT of Russian wheat at 196.86+14.35=211.21 $/mt c&f
  2. CHS: 60,000 MT of Romanian wheat at 198.77+12.45=211.22 $/mt c&f
  3. Ameropa: 60,000 MT of Romanian wheat at 198.89+12.45=211.34 $/mt c&f
  4. Ameropa: 60,000 MT of Romanian wheat at 199.39+12.45=211.84 $/mt c&f
  5. Cerealcom: 60,000 MT of Romanian wheat at 199.50+12.45=211.95 $/mt c&f
  6. Posco International: 55,000 MT of Russian wheat at 198.99+13.93=212.92 $/mt c&f
  7. Posco International: 60,000 MT of Russian wheat at 200.90+13.45=214.35 $/mt c&f
  8. Louis Dreyfus: 60,000 MT of Russian wheat at 201.00+13.45=214.45 $/mt c&f