Egypt's GASC bought 360,000 T of Russian wheat and Ukrainian wheat

March 19, 2017

GASC bought Russian Wheat

The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Wednesday, February 22, bought 360,000 MT of wheat from Russia (300 TMT) and Ukraine (60 TMT) for March 25-April 4 delivery:

  • 60,000 MT of Russian wheat from Cargill at 207.75 $/mt c&f (196.5 $/mt fob+11.25 $/mt freight);
  • 60,000 MT of Russian wheat from Olam at 208.25 $/mt c&f (197 $/mt fob+11.25 $/mt freight);
  • 60,000 MT of Russian wheat from Louis Dreyfus at 208.20 $/mt c&f (196.95 $/mt fob+11.25 $/mt freight);
  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 208.45 $/mt c&f (195.9 $/mt fob+12.55 $/mt freight);
  • 60,000 MT of Russian wheat from Midgulf at 209.10 $/mt c&f (198.25 $/mt fob+10.85 $/mt freight);
  • 60,000 MT of Russian wheat from ADM at 210.15 $/mt c&f (199.3 $/mt fob+10.85 $/mt freight)

It was the 24-th international tender since the start of the new fiscal year. GASC has bought 4.6 MMT (3.34 MMT from Russia, 840 TMT from Romania, 300 TMT from Ukraine and 120 TMT from Argentina) of wheat on the international market since July 1, the start of the 2016/17

Source: agrochart.com