Egypt's GASC gets offers in wheat tender Nov. 14, 2019

Traders said the following offers were submitted to GASC in the tender on Thursday, November 14, (USD/MT, FOB) for January 5-15 shipment:

• Hakan: 60,000 MT of Ukrainian wheat at 215.86 $/mt fob;
• Glencore:
  • 60,000 MT of French wheat at 216.36 $/mt fob;
  • 55,000 MT of Russian wheat at 219.86 $/mt fob;
• LDC: 60,000 MT of Ukrainian wheat at 217.77 $/mt fob;
• Cargill: 60,000 MT of French wheat at 218.50 $/mt fob;
• ADM:
  • 55,000 MT of Russian wheat at 218.75 $/mt fob;
  • 55,000 MT of Russian wheat at 219.25 $/mt fob;
• Posco: 60,000 MT of Russian wheat at 218.95 $/mt fob;
• Gemcorp: 55,000 MT of Russian wheat at 218.96 $/mt fob;
• Garant Logistics: 55,000 MT of Russian wheat at 219.00 $/mt fob;
• Grain Export:
  • 60,000 MT of Russian wheat at 219.25 $/mt fob;
  • 60,000 MT of Russian wheat at 220.00 $/mt fob;
• GTCS: 60,000 MT of Russian wheat at 221.00 $/mt fob

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

1. LDC: 60,000 MT of Ukrainian wheat at 217.77+14.70=232.47 $/mt c&f;
2. Posco: 60,000 MT of Russian wheat at 218.95+13.52=232.47 $/mt c&f;
3. Hakan: 60,000 MT of Ukrainian wheat at 215.86+16.77=232.63 $/mt c&f;
4. GrainExport: 60,000 MT of Russian wheat at 219.25+13.52=232.77 $/mt c&f;
5. ADM: 55,000 MT of Russian wheat at 218.75+14.57=233.32 $/mt c&f;
6. Garant Logistics: 55,000 MT of Russian wheat at 219.00+14.39=233.39 $/mt c&f;
7. Gemcorp: 55,000 MT of Russian wheat at 218.96+14.57=233.53 $/mt c&f;
8. Glencore: 60,000 MT of French wheat at 216.36+17.44=233.80 $/mt c&f