The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, November 26, bought 175,000 MT of wheat from Russia for January 20-31 shipment:

  • 55,000 MT of Russian wheat from GTCS at 274.80 $/mt c&f (261.00 fob+13.80 freight);
  • 60,000 MT of Russian wheat from Posco at 275.15 $/mt c&f (262.35 fob+12.80 freight);
  • 60,000 MT of Russian wheat from Agro AST at 275.40 $/mt c&f (262.60 fob+12.80 freight).

GASC has bought so far a total 4,219,000 MT of wheat (3,569,000 MT from Russia, 530,000 MT from Ukraine, 60,000 MT from Romania and 60,000 MT from Poland) for supply in 2020/21 (July-June).

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

  • GTCS: 55,000 MT of Russian wheat at 261.00 $/mt fob
  • Posco: 60,000 MT of Russian wheat at 262.80 $/mt fob
  • Agro AST: 60,000 MT of Russian wheat at 262.90 $/mt fob
  • Grain Export: 60,000 MT of Russian wheat at 264.00 $/mt fob
  • Nibulon: 60,000 MT of Ukrainian wheat at 264.70 $/mt fob
  • ADM: 55,000 MT of Russian wheat at 265.50 $/mt fob
  • Cargill: 55,000 MT of Russian wheat at 266.00 $/mt fob
  • Solaris: 60,000 MT of Russian wheat at 267.45 $/mt fob
  • Ameropa: 60,000 MT of Romanian wheat at 268.79 $/mt fob
  • Soufflet: 60,000 MT of French wheat at 269.75 $/mt fob
  • LDC: 55,000 MT of Ukrainian wheat at 270.07 $/mt fob
  • Glencore: 55,000 MT of Russian wheat at 270.86 $/mt fob

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

  1. GTCS: 55,000 MT of Russian wheat at 261.00+13.83=274.83 $/mt c&f
  2. Posco: 60,000 MT of Russian wheat at 262.80+12.89=275.69 $/mt c&f
  3. Agro AST: 60,000 MT of Russian wheat at 262.90+12.89=275.79 $/mt c&f
  4. Grain Export: 60,000 MT of Russian wheat at 264.00+12.89=276.89 $/mt c&f
  5. Nibulon: 60,000 MT of Ukrainian wheat at 264.70+12.90=277.60 $/mt c&f
  6. ADM: 55,000 MT of Russian wheat at 265.50+13.85=279.35 $/mt c&f
  7. Solaris: 60,000 MT of Russian wheat at 267.45+11.98=279.43 $/mt c&f