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GFMM desk: On Sept. 25, 2019 an Egyptian state tender seeking wheat received a lowest offer of $194.40 per ton for 60,000 tons of French grain from Glencore, traders said.
The General Authority for Supply Commodities (GASC,) said on Sept. 24, 2019 it was seeking an unspecified quantity of wheat for shipment between Oct. 26 and Nov. 5.
In its most recent international wheat tender on Sept. 18, GASC bought 180,000 tons of Russian wheat for shipment Oct. 21-31.
Traders gave the following breakdown of the offers presented in dollars per ton on a free-on-board (FOB) basis:
* Glencore: 60,000 tons of French wheat at $194.40
* Casillo: 60,000 tons of French wheat at $195.68
* Agro AST: 60,000 tons of Russian wheat at $196.45
* Lecureur: 60,000 tons of French wheat at $196.50
* Posco International: 60,000 tons of Russian wheat at $198.50
* Posco International: 60,000 tons of Russian wheat at $198.95
* Grain Export: 60,000 tons of Russian wheat at $199.25
* Hakan: 55,000 tons of Ukrainian wheat at $199.95
* ADM: 55,000 tons of Russian wheat at $200.75
* Louis Dreyfus: 60,000 tons of Ukrainian wheat at $200.77
* Hakan: 60,000 tons of Ukrainian wheat at $201.95
* ADM: 55,000 tons of Russian wheat at $202.75
* Cargill: 55,000 tons of Russian wheat at $203.00
* Glencore: 55,000 tons of Russian wheat at $203.30
* Aston: 55,000 tons of Russian wheat at $205.50
* GTCS: 60,000 tons of Russian wheat at $208.00
Traders said the following were the best offers including cost and freight (C&F):
* Agro AST: 60,000 tons of Russian wheat at $196.45 and $16.85 freight equating to $213.30
* Grain Export: 60,000 tons of Russian wheat at $199.25 and $15.12 freight equating to $214.37
* Posco International: 60,000 tons of Russian wheat at $198.50 and $16.85 freight equating to $215.35
* Glencore: 60,000 tons of French wheat at $194.40 and $21.25 freight equating to $215.65
* Posco International: 60,000 tons of Russian wheat at $198.95 and $16.85 freight equating to $215.80
* Casillo: 60,000 tons of French wheat at $195.68 and $21.25 freight equating to $216.93 Results are expected later on Wednesday.
Source: Reuters
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