Egypt's GASC gets offers from 13 suppliers at wheat tender - trade

27.01.2017

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), received offers from 13 suppliers at its wheat tender on Thursday, Cairo-based traders said.

The lowest offer was for 60,000 tonnes of Russian wheat at $192.25 a tonne free-on-board (FOB).

Results for the tender are due later on Thursday.

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

*Louis Dreyfus: 60,000 tonnes of Russian wheat at $193.74

*Grainbow: 60,000 tonnes of Russian wheat at $192.25

*ECTP: 60,000 tonnes of Russian wheat at $193

*Daewoo: 60,000 tonnes of Russian wheat at $194.20

*Aston: 60,000 tonnes of Russian wheat at $194

*Olam: 60,000 tonnes of Russian wheat at $198.50

*AOS: 60,000 tonnes of Russian wheat at $194.94

*Glencore: 55,000 tonnes of Russian wheat at $192.99

*Alegrow: 60,000 tonnes of Russian wheat at $194

*ADM: 60,000 tonnes of Russian wheat at $196

*Cargill: 60,000 tonnes of Russian wheat at $195

*Cerealcom: 60,000 tonnes of Romanian wheat at $194.74

*Nidera: 60,000 tonnes of Romanian wheat at $196.59

*Cargill: 55,000 tonnes of U.S. hard red winter at $197

The best offers on a cost and freight basis (C&F) in dollars per tonne were as follows:

*Aston: 60,000 tonnes of Russian wheat at $194 FOB and $9.25 freight equating to $203.25 C&F

*Grainbow: 60,000 tonnes of Russian wheat at $192.25 FOB and $11.25 freight equating to $203.50

*ECTP: 60,000 tonnes of Russian wheat at $193 FOB and $11.25 freight equating to $204.25 a tonne C&F

*Louis Dreyfus: 60,000 tonnes of Russian wheat at $193 FOB and $11.25 freight equating to $204.99 C&F

*Alegrow: 60,000 tonnes of Russian wheat at $194 FOB and $11.79 freight equating to $205.79 C&F


zawya

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