Egypt's GASC gets offers in wheat tender Aug. 13, 2020

Traders said the following offers were submitted to GASC in the tender on Thursday, August 13, (USD/MT, FOB) for Oct 1-10 shipment (payment within 180 days):

• Aston: 60,000 MT of Russian wheat at 204.90 $/mt fob (rejected)
• Solaris:
  • 60,000 MT of Russian wheat at 206.48 $/mt fob
  • 60,000 MT of Russian wheat at 206.48 $/mt fob
  • 55,000 MT of Russian wheat at 209.48 $/mt fob
• GTCS: 55,000 MT of Russian wheat at 207.00 $/mt fob
• Olam: 60,000 MT of Ukrainian wheat at 207.80 $/mt fob
• Grain Export: 60,000 MT of Russian wheat at 207.88 $/mt fob
• Gemcorp: 60,000 MT of Russian wheat at 207.90 $/mt fob
• Posco: 60,000 MT of Russian wheat at 207.95 $/mt fob
• Agro AST: 55,000 MT of Russian wheat at 208.50 $/mt fob
• Hakan: 60,000 MT of Russian wheat at 208.95 $/mt fob
• Cargill: 55,000 MT of Russian wheat at 209.00 $/mt fob
• Glencore:
  • 55,000 MT of Ukrainian wheat at 213.10 $/mt fob
  • 55,000 MT of Russian wheat at 215.10 $/mt fob
• ADM:
  • 60,000 MT of Russian wheat at 213.40 $/mt fob
  • 60,000 MT of Ukrainian wheat at 213.40 $/mt fob
• LDC:
  • 55,000 MT of Russian wheat at 213.77 $/mt fob
  • 60,000 MT of Ukrainian wheat at 213.77 $/mt fob

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

1. Solaris: 60,000 MT of Russian wheat at 206.48+16.10=222.58 $/mt c&f
2. Solaris: 60,000 MT of Russian wheat at 206.48+16.10=222.58 $/mt c&f
3. Grain Export: 60,000 MT of Russian wheat at 207.88+16.10=223.98 $/mt c&f
4. Gemcorp: 60,000 MT of Russian wheat at 207.90+16.10=224.00 $/mt c&f
5. Posco: 60,000 MT of Russian wheat at 207.95+16.10=224.05 $/mt c&f
6. GTCS: 55,000 MT of Russian wheat at 207.00+17.15=224.15 $/mt c&f