The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Saturday, April 18, bought 180,000 tons of French, 60,000 tons of Russian and 60,000 tons of Romanian wheat for June 5-15 delivery:

  • 60 KMT of French wheat from Glencore at 219.5 $/t c&f (206 $/t fob + 13.5 $/t freight)
  • 60 KMT of French wheat from Soufflet at 223.59 $/t c&f (208.44 $/t fob + 12.65 $/t freight+ 2.5 $/t for shipment from two ports)
  • 60 KMT of French wheat from Cargill at 221.15 $/t c&f (208.5 $/t fob + 12.65 $/t freight)
  • 60 KMT of Russian wheat from Cargill at 222.14 $/t c&f (212.5 $/t fob + 9.64 $/t freight)
  • 60 KMT of Romanian wheat from Nidera at 223.09 $/t c&f (213.99 $/t fob + 9.1 $/t freight)

GASC has bought 4.455 MMT (2.04 MMT from France, 1.08 MMT from Romania, 825 KMT from Russia, 345 KMT from US 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.

Egypt started its local wheat procurement season from mid-April, government plans to purchase up to 3.7 MMT of Egyptian wheat.

Egypt's stock of wheat for its subsidised bread programme is enough to last until the end of May. The local purchases are expected to up the country's strategic reserves to September.

OFFERS ($/t, c&f)

  • ADM: 60 KMT of Polish wheat at $214.33 from one port
  • Soufflet: 60 KMT of French wheat at $208.94 from two ports
  • Glencore: 60 KMT of French wheat at $206 from one port and/or 60 KMT of French wheat at $211 from one port
  • Vitol: 60 KMT of Russian wheat at $219.88
  • Cargill: 60 KMT of U.S. hard red wheat at $237 and/or 60 KMT of French wheat at $209 from one port and/or 60 KMT of Russian wheat at $214
  • Union: 60 KMT of Russian or 60 KMT of French or 55 KMT of Romanian or 55-60 KMT of Ukraine wheat at $235 at the seller's option
  • Nidera: 60 KMT Romanian at $213.99

FREIGHT

Russia (Novo)

  • Union $9
  • United $9.74
  • Mina Dubai $10.30
  • Mina Egypt $10.34

Romania

  • Union $7
  • National Navigation Company $9.20
  • Mina Dubai $9.60
  • Mina Egypt $9.73
  • United $9.84

Ukraine

  • Union $11
  • National Navigation Company $14.90
  • United $13.94
  • Mina Dubai $15.20
  • Copa: $15.70

France

  • National Navigation Company $13.60
  • Union $12
  • Venus $12.67
  • Mina Dubai $13.54
  • Mina Egypt $13.73

U.S. Gulf

  • Mina Dubai $24.70
  • National Navigation Company $25.30
  • Venus $20.87
  • National Navigation Company $22.85

No Freight offers for Polish wheat were presented