Egypt's GASC buys 55,000 T Russian wheat Sept. 3, 2020
The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, September 3, bought 55,000 MT of Russian wheat from Cargill at 240.50 $/mt c&f (225 fob+15.5 freight) for November 5-15 shipment.
GASC has bought so far a total 2,939,000 MT of wheat (2,349,000 MT from Russia, 530,000 MT from Ukraine and 60,000 MT from Romania) for supply in 2020/21 (July-June).
Traders said the following offers were submitted to GASC in the first round of the tender:- Cargill: 55,000 MT of Russian wheat at 225.00 $/mt fob
- GTCS: 55,000 MT of Russian wheat at 227.00 $/mt fob
- LDC: 55,000 MT of Russian wheat at 227.84 $/mt fob
- Posco: 55,000 MT of Russian wheat at 228.30 $/mt fob
- RIF: 55,000 MT of Russian wheat at 230.00 $/mt fob
- Grain Export: 60,000 MT of Russian wheat at 230.00 $/mt fob
- Nibulon: 60,000 MT of Ukrainian wheat at 230.50 $/mt fob
- Solaris: 60,000 MT of Russian wheat at 231.00 $/mt fob
- Glencore: 55,000 MT of Russian wheat at 231.10 $/mt fob
- Olam: 55,000 MT of Ukrainian wheat at 232.75 $/mt fob
- Agro AST: 60,000 MT of Russian wheat at 235.00 $/mt fob
- Cargill: 55,000 MT of Russian wheat at 225.00+15.60=240.60 $/mt c&f
- GTCS: 55,000 MT of Russian wheat at 227.00+15.60=242.60 $/mt c&f
- LDC: 55,000 MT of Russian wheat at 227.84+15.75=243.59 $/mt c&f
- Posco: 55,000 MT of Russian wheat at 228.30+15.75=244.05 $/mt c&f
- Grain Export: 60,000 MT of Russian wheat at 230.00+14.55=244.55 $/mt c&f
- Solaris: 60,000 MT of Russian wheat at 231.00+13.90=244.90 $/mt c&f
- Nibulon: 60,000 MT of Ukrainian wheat at 230.50+14.73=245.23 $/mt c&f
