Farmers carry wheat crop on a field in the El-Menoufia governorate, north of Cairo, Egypt May 16, 2017.
CAIRO - 25 July 2017: The lowest offer at Egypt's GASC wheat tender on Tuesday was at $202.35 a tonne free-on-board (FOB) for 60,000 tonnes of Russian wheat, traders said.
The lowest offer after accounting for shipping costs was at $216.26, for 60,0000 tonnes of Russian wheat being offered by ADM.
The state grain buyer is seeking wheat for shipment Sept. 1-10.
Results are due later on Tuesday.
Traders said the following offers were made in dollars per tonne on an FOB basis:
Russian
*ADM: 60,000 tonnes at $202.35
*Louis Dreyfus: 60,000 tonnes at $205.00
*GTCS: 60,000 tonnes at $205.00
*AOS: 60,000 tonnes at $205.05
*Daewoo: 60,000 tonnes at $205.65
*Aston: 60,000 tonnes at $206.15
*Allegro: 60,000 tonnes at $206.75
*Friends: 55,000 tonnes at $209.09
French
*Glencore: 60,000 tonnes at $207.60
Romanian
*Cofco: 60,000 tonnes at $204.99
*Ameropa: 60,000 tonnes at $206.05
*ADM: 60,000 tonnes at $206.35
U.S. Hard Red Winter
*Cargill: 60,000 tonnes at $213.00
Traders said the best offers on a cost and freight basis (C&F) in dollars per tonne were as follows:
*ADM: 60,000 tonnes of Russian at $202.35 and $13.91 freight equating to $216.26 C&F
*Cofco: 60,000 tonnes of Romanian at $204.99 and $13.39 freight equating to $218.38 C&F
*Louis Dreyfus: 60,000 tonnes of Ukrainian at $204.00 and $14.39 freight equating to $218.39 C&F
*GTCS: 60,000 tonnes of Russian at $205.00 and $14.38 freight equating to $219.38 C&F
*Louis Dreyfus: 60,000 tonnes of Russian at $205.00 and $14.70 freight equating to $219.70 C&F
*AOS: 60,000 tonnes of Russian at $205.05 and $14.70 freight equating to $219.75 C&F
*Ameropa: 60,000 tonnes of Romanian at $206.05 and $14.10 freight equating to $220.15 C&F
*Daewoo: 60,000 tonnes of Russian at $205.65 and $14.70 freight equating to $220.35 C&F
*ADM: 60,000 tonnes of Romanian at $206.35 and $14.10 freight equating to $220.45 C&F
*Aston: 60,000 tonnes of Russian at $206.15 and $14.76 freight equating to $220.91 C&F
*Alegrow: 60,000 tonnes of Russian at $206.75 and $14.85 freight equating to $221.60 C&F
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