The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Thursday, February 19, bought 180,000 tons of French and 60,000 tons of Romanian wheat for shipment March 15-25:

  • 60 KMT of French wheat from Soufflet at 240.34 $/t c&f (224.74 $/t fob + 13.1 $/t freight + 2.5 $/t for shipment from two ports)
  • 60 KMT of French wheat from Cargill at 240.41 $/t c&f (227.68 $/t fob + 12.73 $/t freight)
  • 60 KMT of French wheat from Lecureur at 242.24 $/t c&f (226.64 $/t fob + 13.1 $/t freight + 2.5 $/t for shipment from two ports)
  • 60 KMT of Romanian wheat from Ameropa at 242.99 $/t c&f (234.84 $/t fob + 8.15 $/t freight)

GASC has bought 3.865 MMT (1.86 MMT from France, 1.02 MMT from Romania, 765 KMT from Russia, 55 KMT from USA and 165 KMT from Ukraine) of wheat on the international market since July 1, the start of the 2014/15.

Egypt purchased 5.46 MMT of wheat from abroad in the 2013/14 fiscal year in addition to 3.7 MMT of local wheat.

On Thursday, Egypt's trade ministry extended for six months a decision to allow imported wheat to have moisture levels of up to 13.5%.

OFFERS ($/t, fob)

  • Cargill: 60 KMT of French wheat at $229.98 from two ports, 60 KMT of Romanian wheat at $236
  • Bunge: 60 KMT of Romanian wheat at $238.74, 60 KMT of French wheat at $232.87 from one port
  • Soufflet: 60 KMT of French wheat at $224.74 from two ports
  • Nidera: 60 KMT of Romanian wheat at $235
  • Ameropa: 60 KMT of Romanian wheat at $234.84
  • Louis Dreyfus: 55 KMT of U.S. soft red wheat at $267.51
  • Glencore: 60 KMT of French wheat at $230.50 from one port
  • Invivo: 55 KMT of U.S. hard red winter at $248.45
  • Lecureur: 60 KMT of French wheat at $226.94 from two ports
  • Union: 55 KMT of Ukraine wheat at $235

FREIGHT

Ukraine

  • National Navigation: $14.99
  • Mina Egypt: $13.73
  • Mina Dubai: $15.20
  • Copa: $15.75

Romania

  • National Navigation: $8.30
  • Ameropa: $7.97
  • Mina Egypt: $8.32
  • Mina Dubai: $8.80
  • Copa: $8.95

France (one port)

  • National Navigation: $13.10
  • Glencore: $12.50
  • Mina Dubai: $12.80
  • Copa: $13.10

U.S. Gulf (55,000 ton shipment)

  • Mina Dubai: $23.15
  • Mina Egypt: $23.73
  • Copa: $23.75

U.S. Gulf (60,000 ton shipment)

  • Mina Dubai: $20.15
  • Copa: $20.60
  • Mina Egypt: $21.33