Egypt's GASC gets offers from nine suppliers at wheat tender

30.11.2016

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

The lowest offer was $188.74 a tonne free-on-board (FOB) for 60,000 tonnes of Russian wheat, they said.

The results of the tender are due later on Tuesday.

Egypt, the world's largest wheat buyer, is seeking an unspecified amount of wheat for shipment Jan. 2-11.

Advertisement
It was the first purchase tender to take place after the government issued a decree putting Egypt's General Organization for Export and Import Control (GOEIC) in charge of imported wheat inspections instead of the agriculture quarantine service.

The decree follows the resolution of a months-long standoff over wheat import rules that hampered the country's ability to purchase grains from abroad that was largely fuelled by the quarantine service.

"Tender participation is stabilising at a normal level following all the problems this year," one European trader said.

The tender was also the first after the inclusion of Paraguay, Bulgaria and Hungary on the list of accepted origins for GASC's wheat purchases.

The offers made were all for Russian and Romanian wheat.

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

*Louis Dreyfus: 60,000 tonnes of Russian wheat at $188.74

*Olam: 60,000 tonnes of Russian wheat at $189.15

*Alegrow: 60,000 tonnes of Russian wheat at $189.95

*Grainbow: 60,000 tonnes of Russian wheat at $190

*ADM: 60,000 tonnes of Russian wheat at $191.50 and 60,000 tonnes of Romanian wheat at $191.99

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

*Midgulf: 60,000 tonnes of Russian wheat at $194.30

*Glencore: 55,000 tonnes of Russian wheat at $194.40

*Cerealcom: 60,000 tonnes of Romanian wheat at $194.80

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

*Louis Dreyfus: 60,000 tonnes of Russian wheat at $188.74 FOB and $13.54 freight equating to $202.28 C&F

*Olam: 60,000 tonnes of Russian wheat at $189.15 FOB and $13.54 freight equating to $202.69 C&F

*Alegrow: 60,000 tonnes of Russian wheat at $189.95 FOB and $13.54 freight equating to $203.49 C&F

*Grainbow: 60,000 tonnes Russian wheat at $190 FOB and $13.54 freight equating to $203.54 C&F

*Aston: 60,000 tonnes Russian wheat at $194 FOB and $10.25 freight equating to $204.25 C&F

*ADM: 60,000 tonnes Romanian wheat at $191.99 FOB and $12.65 freight equating to $204.64 C&F

*ADM: 60,000 tonnes of Russian wheat at $191.50 FOB and $13.29 freight equating to $204.79 C&F

*Glencore: 55,000 tonnes Russian wheat at $194.40 FOB and $14.29 freight equating to $206.69 C&F


 zawya
 

Readers choice: TOP-5 articles of the month by UkrAgroConsult