The lowest offer in a wheat purchase tender by state Egyptian buyer GASC which closed on Thursday was $174.74 a tonne free on board (FOB) for French wheat, traders said. The offer was made for 60,000 tonnes, they said. No purchase has yet been made and results are expected later on Thursday, traders said. GASC is seeking shipment from October 11 to 20.
Black Sea wheat has dominated recent purchases by GASC. But Paris wheat futures touched contract lows on Wednesday and Thursday, partly on fears that French wheat was uncompetitive in export markets. Along with French wheat, offers were made of Ukrainian, Russian and Romanian wheat, traders said. There were no offers of US wheat, they said. GASC asked for a wheat moisture content of maximum 13 percent for the tender but traders said some of the offers made for French wheat were at 13.5 percent.