|10 December, 2019

French wheat lowest offer in Egypt's GASC wheat tender

The tender sought wheat for Feb. 5-15, 2020, shipment.

DUBAI/HAMBURG- The lowest offer in the international tender from Egypt's state commodities buyer GASC to buy wheat on Tuesday was $220.86 a tonne FOB for French wheat, traders said.

The offer was submitted by trading house Glencore.

No purchase has been made and a result is expected later on Tuesday, they said.

The tender sought wheat for Feb. 5-15, 2020, shipment.

Traders said these offers were believed to have been made on an FOB basis in dollars a tonne, with tonnage when known: Ukrainian wheat Dreyfus $224.77 Nibulon $222.50 Olam 55,000 tonnes $225.75

Russian wheat ADM 55,000 tonnes $224.00 Gemcorp 55,000 tonnes $225.46 Solaris 2 times 60,000 tonnes $226.98 Grain Export $227.24 Posco 60,000 tonnes $225.99 and 55,000 tonnes $225.99 Garant Logistics $227.00 Glencore 55,000 tonnes $225.86 French wheat Glencore 1 port loading $220.86 Hakan 2 ports loading $223.86 Cargill 1 port loading $222.00

Romanian wheat Ameropa $224.79

No offers were reported for wheat sourced from the United States.

In its last international wheat tender on Dec. 3, GASC bought 295,000 tonnes of all Russian-origin wheat at the lowest price of $221.49 fob equating to $235.17 c&f. 

(Reporting by Maha El Dahan in Dubai and Michael Hogan in Hamburg, editing by Louise Heavens) ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))

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