The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Tuesday, July 9, bought 240,000 MT of wheat from Romania (180 TMT) and Ukraine (60 TMT) for August 10-20 delivery:

  • 120,000 MT of Romanian wheat from ADM at 213.44 $/mt c&f (198 fob+15.44 freight);
  • 60,000 MT of Romanian wheat from Glencore at 213.44 $/mt c&f (198 fob+15.44 freight);
  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 215.34 $/mt c&f (198 fob+17.34 freight)

So GASC has bought so far a total 710,000 MT of wheat (480,000 MT from Romania, 170,000 MT from Russia and 60,000 MT from Ukraine) for supply in 2019/20 (July-June).

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

  • Louis Dreyfus:
    • 60,000 MT of Ukraine wheat at 198.77 $/mt fob
    • 60,000 MT of Russian wheat at 204.37 $/mt fob
  • ADM:
    • 60,000 MT of Romanian wheat at 198.79 $/mt fob
    • 60,000 MT of Ukraine wheat at 199.99 $/mt fob
    • 55,000 MT of Russian wheat at 202.50 $/mt fob
    • 55,000 MT of Russian wheat at 200.25 $/mt fob
  • Glencore:
    • 55,000 MT of Russian wheat at 198.86 $/mt fob
    • 60,000 MT of Romanian wheat at 198.86 $/mt fob
  • Hakan: 55,000 MT of Ukraine wheat at 199.70 $/mt fob
  • Posco International:
    • 55,000 MT of Russian wheat at 199.85 $/mt fob
    • 60,000 MT of Russian wheat at 200.85 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 200.79 $/mt fob
  • Garant Logistics: 60,000 MT of Russian wheat at 201.40 $/mt fob
  • CHS: 60,000 MT of Romanian wheat at 201.75 $/mt fob
  • GTCS: 60,000 MT of Russian wheat at 202 $/mt fob
  • Cofco: 55,000 MT of Russian wheat at 202.44 $/mt fob
  • Agro AST: 60,000 MT of Russian wheat at 204 $/mt fob
  • Aston: 60,000 MT of Russian wheat at 210.97 $/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 198.79+15.49=214.28 $/mt c&f
  2. Glencore: 60,000 MT of Romanian wheat at 198.86+15.49=214.35 $/mt c&f
  3. Ameropa: 60,000 MT of Romanian wheat at 200.79+14.5=215.29 $/mt c&f
  4. Louis Dreyfus: 60,000 MT of Ukraine wheat at 198.77+17.39=216.16 $/mt c&f
  5. Glencore: 55,000 MT of Russian wheat at 198.86+17.53=216.39 $/mt c&f
  6. ADM: 60,000 MT of Ukraine wheat at 199.99+17.39=217.38 $/mt c&f
  7. Posco International: 60,000 MT of Russian wheat at 200.85+16.59=217.44 $/mt c&f
  8. Posco International: 55,000 MT of Russian wheat at 199.85+17.82=217.67 $/mt c&f