The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Monday, July 5, bought 240,000 MT of wheat from Romania (180,000 MT) and Russia (60,000 MT) for Sept 1-15 shipment:

  • 60,000 MT of Russian wheat from GTCS at 267.70 $/mt c&f (240.00 fob+27.70 freight);
  • 60,000 MT of Romanian wheat from Viterra at 270.54 $/mt c&f (237.84 fob+32.70 freight);
  • 60,000 MT of Romanian wheat from CHS at 270.54 $/mt c&f (237.84 fob+32.70 freight);
  • 60,000 MT of Romanian wheat from Ameropa at 270.54 $/mt c&f (237.84 fob+32.70 freight).

GASC has bought so far a total 1,005,000 MT of wheat (350,000 MT from Russia, 600,000 MT from Romania, and 55,000 MT from Ukraine) for supply in 2021/22 (July-June).

Traders said the following offers were submitted to GASC in the first round of the tender:
  • Viterra:
    • 60,000 MT of Romanian wheat at 237.94 $/mt fob
    • 60,000 MT of Ukrainian wheat at 239.94 $/mt fob
  • Olam: 60,000 MT of Ukrainian wheat at 239.45 $/mt fob
  • Posco: 60,000 MT of Ukrainian wheat at 239.90 $/mt fob
  • GTCS:
    • 60,000 MT of Russian wheat at 240.00 $/mt fob
    • 55,000 MT of Russian wheat at 238.10 $/mt fob
  • CHS: 60,000 MT of Romanian wheat at 240.14 $/mt fob
  • Ameropa: 2x60,000 MT of Romanian wheat at 240.79 $/mt fob
  • Cargill: 60,000 MT of Romanian wheat at 241.23 $/mt fob
  • Cofco: 60,000 MT of Romanian wheat at 242.40 $/mt fob
  • ADM:
    • 60,000 MT of Romanian wheat 242.85 $/mt fob
    • 60,000 MT of Russian wheat at 243.05 $/mt fob
  • Grain Export: 60,000 MT of Romanian wheat at 243.50 $/mt fob
  • Solaris: 60,000 MT of Russian wheat at 244.12 $/mt fob
  • Nibulon: 60,000 MT of Ukrainian wheat at 245.00 $/mt fob
  • Agro AST: 60,000 MT of Russian wheat at 245.00 $/mt fob
  • LDC: 60,000 MT of Ukrainian wheat at 246.00 $/mt fob
The best offers on C&F basis were as follows (USD/MT, C&F):
  1. GTCS: 60,000 MT of Russian wheat at 240.00+27.7=267.70 $/mt c&f
  2. Viterra: 60,000 MT of Romanian wheat at 237.94+32.7=270.64 $/mt c&f
  3. CHS: 60,000 MT of Romanian wheat at 240.14+32.7=272.84 $/mt c&f
  4. Ameropa: 60,000 MT of Romanian wheat at 240.79+32.7=273.49 $/mt c&f
  5. GTCS: 55,000 MT of Russian wheat at 238.10+37.35=275.45 $/mt c&f