Lowest offer at Egypt GASC wheat tender for Russian wheat

The offer was submitted by trading house Posco International.

  

DUBAI/HAMBURG- The lowest offer in the international tender from Egypt's state commodities buyer GASC to buy wheat on Tuesday was $235.30 a tonne FOB for wheat sourced from Russia, traders said.

The offer was submitted by trading house Posco International.

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

The tender sought wheat for shipment between March 1-10.

Traders said they believed these offers were made on an FOB basis in dollars per tonne:

*Posco International: 60,000 tonnes of Russian wheat at $235.30

*Solaris: 60,000 tonnes of Russian wheat at $235.82

*Glencore: 60,000 tonnes of French wheat at $235.86

*Ameropa: 60,000 tonnes of Romanian wheat at $236.97

*Grain Export: 60,000 tonnes of Russian wheat at $237.42

*Olam: 55,000 tonnes of Ukraine wheat at $237.50

*GTCS: 55,000 tonnes of Russian wheat at $238

*Nibulon: 60,000 tonnes of Ukraine wheat at $238

*Gemcorp: 60,000 tonnes of Russian wheat at $238.14

*Glencore: 55,000 tonnes of Russian wheat at $243.25

(Reporting by Maha El Dahan, Michael Hogan and Nadine Awadalla; editing by Jason Neely) ((Maha.Dahan@thomsonreuters.com; + 9712 4082101; Reuters Messaging: maha.dahan.thomsonreuters.com@reuters.net))

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