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UPDATE 2-Egypt's GASC gets offers from nine firms in wheat tender - trade

Published 02/08/2016, 11:03 pm
© Reuters.  UPDATE 2-Egypt's GASC gets offers from nine firms in wheat tender - trade

(Adds details of FOB and C&F offers)

PARIS, Aug 2 (Reuters) - Egypt's state grain agency, the General Authority for Supply Commodities (GASC), has received offers from nine trading firms in a wheat import tender being held on Tuesday, traders said.

The lowest offer was at $167.60 a tonne, free-on-board, for 55,000 tonnes of Ukrainian wheat and was presented by trading firm Venus, they said.

But including cost and freight (C&F), traders estimated the lowest offer was for 60,000 tonnes of Russian wheat at $177.19 a tonne.

Romanian wheat was also offered in a tender again dominated by Black Sea origins, with French and U.S. wheat not offered, they said.

The results of the tender, which is seeking wheat for Sept. 11-20 shipment, are due later on Tuesday.

Traders said the following offers were made in dollars a tonne FOB:

*Venus: 55,000 tonnes of Ukrainian wheat at $167.60

*Midgulf: 60,00 tonnes of Russian wheat at $168.95

*Union Co.: 60,000 tonnes of Russian wheat at $168.96

*Union Co.: 60,000 tonnes of Russian wheat at $169.97

*ADM: 60,00 tonnes of Russian wheat at $171.85

*Daewoo: 60,000 tonnes of Russian wheat at $171.85

*Alegrow: 60,000 tonnes of Russian wheat at $172.45

*ADM: 60,000 tonnes of Romanian wheat at $174.50

*Ameropa: 60,000 tonnes of Romanian wheat $174.55

*Nidera: 55,000 tonnes of Russian wheat at $175.50

*Olam: 60,000 tonnes of Russian wheat at $176.80

*Nidera: 60,000 tonnes of Romanian wheat at $177.90

Traders also said they estimated the lowest cost and freight prices (C&F) as follows:

*Midgulf: 60,00 tonnes of Russian wheat at $168.95 FOB and $8.24 freight, equating to $177.19 C&F

*Union Co.: 60,000 tonnes of Russian wheat at $168.96 and $8.24 freight, equating to $177.20 C&F

*Union Co.: 60,000 tonnes of Russian wheat at $169.97 and $8.24 freight, equating to $178.21 C&F

*Venus: 55,000 tonnes of Ukrainian wheat at $167.60 and $11.37 freight, equating ot $178.97 C&F.

*ADM: 60,00 tonnes of Russian wheat at $171.85 and $8.24 freight, equating to $180.09 C&F

*Daewoo: 60,000 tonnes of Russian wheat at $171.85 and $8.24 freight, equating to $180.09 C&F

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