Egypt issued a milling wheat tender

29.01.2019

Today, January 29, 2019, GASC will hold this year’s second tender for milling wheat to be delivered on March 11 - 20, 2019, reports UkrAgroConsult.

As a reminder, in the previous tender of January 9, 2019, Egypt purchased a large consignment (415 KMT) of milling wheat exclusively from Russia, at an average price of USD 264.87/MT C&F for delivery on February 20-28 and March 1-10, 2019.

Prices for Russian wheat have increased noticeably to date. This may make it less competitive in the upcoming tender. Russian milling wheat price in the export market has gained on average $8-10/MT FOB since the beginning of 2019, while other offers have either remained more stable or risen in price to a lesser extent.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

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