Adds particulars and lineup
CAIRO, Could 24 (Reuters) – Egypt’s state grains purchaser, the Basic Authority for Provide Commodities (GASC,) on Monday acquired a lowest supply of $254.00 per tonne for 60,000 tonnes of Romanian wheat in a world buying tender, merchants mentioned.
GASC is looking for an unspecified amount of wheat for cargo on Aug. 8-22 after practically a month away from the worldwide market. It cancelled its final buying tender on April 27 with out making a purchase order.
Egypt has reached the midway level of its native harvest season, throughout which the federal government has procured 2.9 million tonnes of native grain from farmers to this point.
Provide Minister Ali Moselhy informed an area tv channel on Sunday that he anticipated Egypt’s wheat imports to fall under six million tonnes within the buying yr starting in July following this harvest .
Merchants gave the next breakdown of the provides introduced in {dollars} per tonne on a free-on-board (FOB) foundation:
• Soufflet: 60,000 tonnes of French wheat at $269.74
• Grain Export: 60,000 tonnes of Romanian wheat at $254.00
• Glencore: 60,000 tonnes of Romanian wheat at $258.80
• ADM: 60,000 tonnes of Romanian wheat at $261.87
• ADM: 60,000 tonnes of Romanian wheat at $261.87
• Cargill: 60,000 tonnes of Romanian wheat at $263.76
• Ameropa: 60,000 tonnes of Romanian wheat at $264.37
• Ameropa: 60,000 tonnes of Romanian wheat at $264.37
• CHS: 60,000 tonnes of Romanian wheat at $264.49
• Cofco: 60,000 tonnes of Romanian wheat at $269.99
• Solaris: 60,000 tonnes of Russian wheat at $264.86
• Solaris: 60,000 tonnes of Russian wheat at $264.86
• Agro AST: 60,000zero tonnes of Russian wheat at $274.79
• GTCS: 55,000 tonnes of Russian wheat at $264.00
• Posco: 60,000 tonnes of Ukrainian wheat at $260.20
• LDC: 60.000 tonnes of Ukrainian wheat at $268.50
• Glencore: 55,000 tonnes of Ukrainian wheat at $262.70
• Inerco: 55,000 tonnes of Ukrainian wheat at $267.50
Merchants mentioned the next have been probably the most aggressive provides introduced on the tender together with value and freight (C&F):
Grain Export: 60,000 tonnes of Romanian wheat at $254.00 and $19.00 freight equating to $273.00
Glencore: 60,000 tonnes of Romanian wheat at $258.00 and $19.00 freight equating to $277.80
ADM: 60,000 tonnes of Romanian wheat at $261.87 and $19.00 freight equating to $280.87
ADM: 60,000 tonnes of Romanian wheat at $261.87 and $19.00 freight equating to $280.87
Cargill: 60,000 tonnes of Romanian wheat at $263.76 and $20.98 freight equating to $284.74
Ameropa: 60,000 tonnes of Romanian wheat at $264.37 and $20.98 freight equating to $285.35
No buy has but been made however tender outcomes are anticipated in a while Monday.
(Reporting by Nadine Awadalla Enhancing by David Goodman and David Evans)
(([email protected];))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.