French wheat offered lowest at Egypt's GASC tender -traders

CAIRO -25 September 2019: An Egyptian state tender seeking wheat received a lowest offer of $194.40 per tonne for 60,000 tonnes of French grain from Glencore, traders said on Wednesday.

The General Authority for Supply Commodities (GASC,) said on Tuesday 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 tonnes of Russian wheat for shipment Oct. 21-31.

Traders gave the following breakdown of the offers presented in dollars per tonne on a free-on-board (FOB) basis:

* Glencore: 60,000 tonnes of French wheat at $194.40

* Casillo: 60,000 tonnes of French wheat at $195.68

* Agro AST: 60,000 tonnes of Russian wheat at $196.45

* Lecureur: 60,000 tonnes of French wheat at $196.50

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

* Posco International: 60,000 tonnes of Russian wheat at $198.95

* Grain Export: 60,000 tonnes of Russian wheat at $199.25

* Hakan: 55,000 tonnes of Ukrainian wheat at $199.95

* ADM: 55,000 tonnes of Russian wheat at $200.75

* Louis Dreyfus: 60,000 tonnes of Ukrainian wheat at $200.77

* Hakan: 60,000 tonnes of Ukrainian wheat at $201.95

* ADM: 55,000 tonnes of Russian wheat at $202.75

* Cargill: 55,000 tonnes of Russian wheat at $203.00

* Glencore: 55,000 tonnes of Russian wheat at $203.30

* Aston: 55,000 tonnes of Russian wheat at $205.50

* GTCS: 60,000 tonnes of Russian wheat at $208.00

Traders said the following were the best offers including cost and freight (C&F):

* Agro AST: 60,000 tonnes of Russian wheat at $196.45 and $16.85 freight equating to $213.30

* Grain Export: 60,000 tonnes of Russian wheat at $199.25 and $15.12 freight equating to $214.37

* Posco International: 60,000 tonnes of Russian wheat at $198.50 and $16.85 freight equating to $215.35

* Glencore: 60,000 tonnes of French wheat at $194.40 and $21.25 freight equating to $215.65

* Posco International: 60,000 tonnes of Russian wheat at $198.95 and $16.85 freight equating to $215.80

* Casillo: 60,000 tonnes of french wheat at $195.68 and $21.25 freight equating to $216.93 Results are expected later on Wednesday.