Egypt gets offers from seven suppliers at wheat tender- traders

09.11.2016

Egypt's state grain buyer GASC received offers from seven suppliers at its international wheat purchasing tender on Tuesday.

The lowest offer was $186.98 a tonne free-on-board (FOB) for 60,000 tonnes of Russian wheat and was presented by Engelhart Commodities Trading Partners (ECTP), traders said.

GASC is holding a tender for an unspecified amount of wheat from global suppliers for shipment from Dec. 10-20 and results are due later on Tuesday.

Egypt reversed a controversial ergot fungus specification in September, ending a saga that effectively cut off its access to global grains markets after suppliers refused to make offers.

The reversal has helped GASC resume its purchases though the number of offers remains below the more than 15 typical at tenders before the controversy began.

Traders said the following offers were made in dollars per tonne FOB:

*Olam: 60,000 tonnes Russian at $193.50

*Cargill: 60,000 tonnes U.S. soft red winter at $187.00

*ECTP: 60,000 tonnes Russian at $186.98

*Nidera: 60,000 tonnes Romanian at $191.49

*ADM: 60,000 tonnes Russian at $192.50

*Aston: 60,000 tonnes Russian at $189.97

*Daewoo: 60,000 tonnes Russian at $190.30

Traders also said the following were the cost and freight (C&F) offers in dollars per tonne:

*ECTP: 60,000 tonnes Russian at $186.98 FOB and $10.35 freight equating to $197.33 C&F

*Nidera: 60,000 tonnes Romanian at $191.49 FOB and $8.43 freight equating to $199.92 C&F

*Aston: 60,000 tonnes Russian at $189.97 FOB and $10.35 freight equating to $200.32 C&F

*Daewoo: 60,000 tonnes Russian at $190.30 FOB and $10.35 freight equating to $200.65 C&F

*ADM: 60,000 tonnes Russian at $192.50 FOB and $9.22 freight equating to $201.72 C&F


zawya
 

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