Egypt's GASC receives offers from six suppliers at wheat tender

16 Jan, 2018

Supplier GTCS provided the lowest offer at $197 a tonne free-on-board (FOB) for 55,000 tonnes of Russian wheat.

GASC is expected to announce the results of the tender later on Tuesday.

Traders said the following offers were made in dollars per tonne on an FOB basis:

GTCS: 55,000 tonnes of Russian wheat at $197

AOS/Union: 60,000 tonnes of Russian wheat at $197.70, 60,000 tonnes of Russian wheat at $205

Garant Logistics: 60,000 tonnes of Russian wheat at $197.95

Daewoo: 60,000 tonnes of Russian wheat at $198.50

Aston: 60,000 tonnes of Russian wheat at $199.45

ADM: 60,000 tonnes of Russian wheat at $204.15, 60,000 tonnes of Romanian wheat at $204.85

Traders also said the following were the cost and freight (C&F) offers in dollars per tonne:

GTCS: 55,000 tonnes of Russian wheat at $197 FOB and $15.15 freight equating to $212.15 C&F

AOS/Union: 60,000 tonnes of Russian wheat at $197.70 FOB and $14.54 freight equating to $212.24 C&F

Garant Logistics: 60,000 tonnes of Russian wheat at $197.95 FOB and $14.54 freight equating to $212.49 C&F

Daewoo: 60,000 tonnes of Russian wheat at $198.50 FOB and $13.75 freight equating to $212.25 C&F

Aston: 60,000 tonnes of Russian wheat at $199.45 FOB and $13.75 freight equating to $213.20 C&F

 

Copyright Reuters, 2018

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