The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Tuesday, July 2, bought 60,000 MT of wheat from Romania for August 2-12 delivery:

  • 60,000 MT of Romanian wheat from CHS at 210.46 $/mt c&f (196.71 fob+13.75 freight);

So GASC has bought so far a total 470,000 MT of wheat (170,000 MT from Russia and 300,000 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:

  • CHS: 60,000 MT of Romanian wheat at 196.96 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 197.97 $/mt fob
  • Louis Dreyfus:
    • 60,000 MT of Ukrainian wheat at 198.37 $/mt fob
    • 60,000 MT of Russian wheat at 203.37 $/mt fob
  • ADM:
    • 60,000 MT of Romanian wheat at 198.49 $/mt fob
    • 60,000 MT of Ukrainian wheat at 199.99 $/mt fob
    • 55,000 MT of Russian wheat at 202.50 $/mt fob
    • 55,000 MT of Russian wheat at 202.80 $/mt fob
  • Glencore: 55,000 MT of Russian wheat at 198.86 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 201.99 $/mt fob
  • Olam: 60,000 MT of Russian wheat at 202.00 $/mt fob
  • Garant Logistics: 60,000 MT of Russian wheat at 203.50 $/mt fob
  • GTCS: 60,000 MT of Russian wheat at 204.50 $/mt fob
  • Posco International: 60,000 MT of Russian wheat at 205.90 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 209.98 $/mt fob

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

  1. CHS: 60,000 MT of Romanian wheat at 196.96 +13.75=210.71
  2. Ameropa: 60,000 MT of Romanian wheat at 197.97 +13.75=211.72
  3. ADM: 60,000 MT of Romanian wheat at 198.49 +13.75=212.24
  4. Louis Dreyfus: 60,000 MT of Ukrainian wheat at 198.37 +15.60=213.97
  5. Glencore: 55,000 MT of Russian wheat at 198.86 +15.60=214.46
  6. ADM: 60,000 MT of Ukrainian wheat at 199.99 +15.00=214.99