FILE PHOTO: A farmer displays wheat grains at a field in the Beheira Governorate, Egypt May 3, 2018. REUTERS/Mohamed Abd El Ghany/File Photo
DUBAI - 4 October 2018: The lowest offer presented at Egyptian state grain buyer GASC’s international purchasing tender on Thursday was $233.95 a tonne free-on-board (FOB), traders said.
The offer was for 60,000 tonnes of Russian wheat and was presented by Daewoo, they said.
GASC is still considering the bids and results are due later on Thursday.
The wheat offered was of Russian, Romanian, Ukrainian and French origin.
The agency is seeking the wheat for Dec. 1-10 shipment.
Traders gave the following breakdown of offers in dollars per tonne on an FOB basis:
*Daewoo: 60,000 tonnes of Russian wheat at $233.95
*Aston: 60,000 tonnes of Russian wheat at $235.80
*Cargill: 55,000 tonnes of Russian wheat at $236.90
*Garant Logistics: 60,000 tonnes of Russian wheat at $237
*Aston: 60,000 tonnes of Russian wheat at $237.80
*ECTP: 60,000 tonnes of Russian wheat at $238
*GTCS: 60,000 tonnes of Russian wheat at $239
*Garant Logistics: 60,000 tonnes of Russian wheat at $239.90
*Ameropa: 60,000 tonnes of Romanian wheat at $240.39
*GTCS: 60,000 tonnes of Russian wheat at $241
*Glencore: 55,000 tonnes of Russian wheat at $241.86
*ADM: 60,000 tonnes of Russian what at $242.15
*Ameropa: 60,000 tonnes of Romanian wheat at $242.69
*ADM: 60,000 tonnes of Romanian wheat at $246.23
*CHS: 60,000 tonnes of Romanian wheat at $247.74
*Soufflet: 60,000 tonnes of French wheat at $247.75
*Louis Dreyfus: 60,000 tonnes of Ukrainian wheat at $248
Traders also said the following were the best cost and freight (C&F) offers presented in dollars per tonne:
*Daewoo: 60,000 tonnes of Russian wheat at $233.95 a tonne FOB and $17.69 freight equating to $251.64 C&F
*Aston: 60,000 tonnes of Russian wheat $235.80 FOB and $17.69 freight equating to $253.49 C&F
*Garant Logistics: 60,000 tonnes of Russian wheat at $237 FOB and $17.69 freight equating to $254.69 C&F
*Aston: 60,000 tonnes of Russian wheat at $237.90 FOB and $17.69 freight equating to $255.49 C&F
*ECTP: 60,000 tonnes of Russian wheat at $238 FOB and $17.69 freight equating to $255.69 C&F
*Cargill: 60,000 tonnes of Russian wheat at $236.9 FOB and $18.55 freight equating to $255.45 C&F
*GTCS: 60,000 tonnes of Russian wheat at $239 FOB and $16.5 freight equating to $255.5 C&F
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