Egypt's GASC gets offers in wheat tender Dec. 3, 2019

Traders said the following offers were submitted to GASC in the tender on Tuesday, December 3, (USD/MT, FOB) for January 21-31 shipment:

• Glencore:
  • 55,000 MT of Russian wheat at 221.49 $/mt fob
  • 60,000 MT of French wheat at 221.86 $/mt fob
• Grainexport:
  • 60,000 MT of Russian wheat at 222.44 $/mt fob
  • 60,000 MT of Russian wheat at 222.48 $/mt fob
• Nibulon: 60,000 MT of Ukrainian wheat at 222.22 $/mt fob
• Solaris:
  • 60,000 MT of Russian wheat at 222.50 $/mt fob
  • 60,000 MT of Russian wheat at 222.75 $/mt fob
• Posco: 60,000 MT of Russian wheat at 223.20 $/mt fob
• Gemcorp: 55,000 MT of Russian wheat at 223.46 $/mt fob
• ADM: 55,000 MT of Russian wheat at 223.50 $/mt fob
• Ameropa: 60,000 MT of Romanian wheat at 223.98 $/mt fob
• Garant Logistic: 60,000 MT of Russian wheat at 225.00 $/mt fob
• Cargill: 55,000 MT of Russian wheat at 228.00 $/mt fob
• Hakan: 60,000 MT of French wheat at 228.80 $/mt fob

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

1. Glencore: 55,000 MT of Russian at 221.49+13.68=235.17 $/mt c&f
2. Solaris: 60,000 MT of Russian at 222.50+13.98=236.48 $/mt c&f
3. Nibulon: 60,000 MT of Ukraine at 222.22+14.48=236.70 $/mt c&f
4. Grain Export: 60,000 MT of Russian at 222.44+14.30=236.74 $/mt c&f
5. Grain Export: 60,000 MT of Russian at 222.48+14.30=236.78 $/mt c&f
6. Solaris 60,000 MT of Russian at 222.75+14.30=237.05 $/mt c&f
7. Posco: 60,000 MT of Russian at 223.20+14.30=237.50 $/mt c&f