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23 July 2024

News

27.08.2012

Egypt's GASC buys 180,000 T of Russian and Romanian wheat

Grain Ukraine. Egypt bought 180,000 metric tons of wheat from Russia and Ukraine on a free-on-board basis for shipment between October 1-10 on a tender of August 25.

The state-run General Authority for Supply Commodities purchased:

- 60,000 tons of Russian wheat from Olam International at $319 FOB/tone with freight costs of $11.64 per tonne

- 60,000 tons of Russian wheat from Aston at $320.94 FOB/tone with freight costs of $11.70 per tonne

- 60,000 tons of Romanian wheat from Ameropa at $323.38 FOB/tone with freight costs of $10.10 per tonne

On the tender Egyptians wanted to buy a soft or milling wheat following origin: United States, Canada, France, Australia, Germany, Britain, Russia, Kazakhstan, Romania, Ukraine and Poland.

It was GASC's third international wheat purchase since the July 1 start of the 2012/13 fiscal year. The purchase was also GASC's third in two weeks as the world's top wheat importing nation moved to secure supplies amid rising concerns about weather-shortened crops in key exporting nations. During these three tenders Egypt purchased 420,000 tons of wheat, including 300,000 tons from Russia, 60,000 tons from Ukraine and 60,000 tons from Romania.

During the 2011/12 fiscal year, GASC purchased 5.33 million tons of wheat, including 3.24 million tons of Russian wheat, 300,000 tons of Argentinean wheat, 180,000 tons of Romanian wheat, 240,000 tons of Kazakh (Russian?) wheat, 360,000 tons of Ukrainian wheat, 300,000 tons of French wheat, 60,000 tons of seller's option (Rus/Ukr/Kaz) and 60,000 tons of seller's option (Rus/Kaz), 530,000 tons U.S. wheat and 60,000 tons of Canadian wheat.

In the 2010/11 fiscal year, GASC purchased some 5.58 million tons of French, U.S., Canadian, Australian and Argentine wheat.

BIDS (from Reuters)

Traders said the following bids were made in tonnes with dollar price per tonne on a FOB basis unless otherwise stated:

* Solaris 60,000 Russian $333.33
* Alegrow 60,000 Russian $325.00 and/or 55,000 Russian $323.00
* Olam International 60,000 Russian $319.00
* Bunge 60,000 Russian $329.00
* Louis Dreyfus 60,000 Russian or Ukrainian $322.74
* Louis Dreyfus 60,000 Soft Red Winter from Gulf $362.00
* Glencore 60,000 Russian $323.31
* Ameropa 60,000 Romanian $324.38
* Soyuz 60,000 Russian $323.39
* Aston 60,000 Russian $320.94
* Cargill 60,000 Soft Red Winter $361.65 Miss. River and 60,000 French $336.99 with Moisture level Max. 14 percent
* Venus 55,000 Ukrainian $323.39
 

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