Egypt's main government wheat buyer said on Thursday it had bought 180,000 tonnes of US soft red winter wheat, most of it for shipment between May 11-31 on an FOB basis.
SAID EL-HEFNY, VICE CHAIRMAN OF THE GENERAL AUTHORITY FOR SUPPLY COMMODITIES (GASC), GAVE THE FOLLOWING BREAKDOWN OF THE PURCHASES:
-- Two cargoes of 60,000 tonnes each from Bunge at $385.87 a tonne for shipment May 11-31, FOB.
-- 60,000 tonnes from Alex Grain at 2,550 Egyptian pounds ($466.99) a tonne for delivery June 1-10, landed cost.
Egypt is one of the world's biggest wheat importers, usually buying more than 6 million tonnes a year. European traders said that the cheapest offer presented to Egypt was for 60,000 tonnes of US soft red winter wheat at $385 per tonne, FOB. Alternative offers were made at $389 and $391 per tonne.
Offers were also made by Kazakhstan, at a price of $465 per tonne and by Britain at $445 per tonne. Egypt also received offers for US hard wheat at $431 and $435 per tonne, the traders said.