Egypt’s GASC Receives Offers In Wheat Tender – Trade

The lowest offer in Egyptian state buyer GASC’s wheat purchase tender that closed on Thursday was $195.84 per tonne free on board (FOB) for Polish wheat, traders said.

The offer was made for 60,000 tonnes, they said.

No purchase has yet been made and results are expected later in the day, traders said.

Traders said the following offers were submitted to GASC in the first round of the tender (in dollars a tonne FOB):

*ADM: 60,000 tonnes of Polish wheat at $195.84 a tonne

*Soufflet: 60,000 tonnes of French wheat at $197.64 a tonne

*Bunge: 60,000 tonnes of French wheat at $198.74 a tonne

*Glencore: 60,000 tonnes of French wheat at $198.79 a tonne

*Ameropa: 60,000 tonnes of Romanian wheat at $199.99 a tonne

*Invivo: 60,000 tonnes of French wheat at $200.85 a tonne

*Lecureur: 60,000 tonnes of French wheat at $200.85 a tonne

*Vitol: 60,000 tonnes of French wheat at $201 a tonne

*Cargill: 60,000 tonnes of French wheat at $202 a tonne

*Cargill: 60,000 tonnes of Russian wheat at $204.50 a tonne

*Glencore: 60,000 tonnes of Russian wheat at $204.59 a tonne

*Union Co: 60,000 tonnes of Russian wheat at $206.70 a tonne

*ADM: 60,000 tonnes of Russian wheat at $207.87 a tonne

*Vitol: 60,000 tonnes of Russian wheat at $208 a tonne

*Noble: 60,000 tonnes of Russian wheat at $211.90 a tonne

Traders said the shortlist of best offers on a cost and freight (C&F) basis was as follows:

*Ameropa: 60,000 tonnes of Romanian wheat at $199.99 a tonne FOB and $6.87 a tonne freight equating to $206.86 a tonne C&F

*Soufflet: 60,000 tonnes of French wheat at $197.64 a tonne FOB and $11.65 a tonne freight equating to $209.29 a tonne C&F

*ADM: 60,000 tonnes of Polish wheat at $195.84 a tonne FOB and $13.48 a tonne freight equating to $209.32 a tonne C&F

*Bunge: 60,000 tonnes of French wheat at $198.74 a tonne FOB and $11.65 a tonne freight equating to $210.39 a tonne C&F

*Glencore: 60,000 tonnes of French wheat at $198.79 a tonne FOB and $11.89 a tonne freight equating to $210.68 a tonne C&F.

The following is the full list of freight (ocean shipping) offers made to transport the wheat purchased in the tender, in dollars per tonne:

Romania

*United Marine: $8.55

*Ameropa: $6.87

France

*National Navigation: $13.80

*United Marine: $11.65

*Venus: $11.89

*Mina Egypt: $12.79

Russia

*National Navigation: $8.90

*United Marine: $8.55

*Union: $8.15

Poland

*Mina Egypt; $13.48

Source: Reuters