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UPDATE 2-Egypt's GASC gets offers from seven suppliers at wheat tender

Published 26/10/2016, 12:13 am
© Reuters.  UPDATE 2-Egypt's GASC gets offers from seven suppliers at wheat tender

(Adds quote, cost and freight offers)

ABU DHABI, Oct 25 (Reuters) - Egypt's state grain buyer GASC received offers from seven suppliers at its international wheat purchasing tender on Tuesday.

The lowest offer was $182.74 a tonne free-on-board (FOB) for 60,000 tonnes of Russian wheat and was presented by Louis Dreyfus, traders said.

"It looks like a gradual return to normality in Egypt after this year's ergot disruption with two more participants than in the last tender," one European trader said.

Egypt reversed a controversial ergot fungus specification in August, ending a saga that reduced trader interest in supplying the country with wheat. The reversal has helped GASC resume its purchases.

GASC is seeking the wheat for shipment Dec. 1-10.

Results for the tender are due later on Tuesday.

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

*Louis Dreyfus: 60,000 tonnes Russian at $182.74

*Cargill: 60,000 tonnes Romanian at $183.50

*Cargill: 55,000 tonnes Russian at $184.90

*Alegrow: 60,000 tonnes Russian at $184.92

*Cargill: 55,000 tonnes U.S. soft red or hard red at $185

*Aston: 60,000 tonnes Russian at $185.75

*ADM: 60,000 tonnes Romanian at $185.77

*Ameropa: 60,000 tonnes Romanian at $186.23

*Cargill: 60,000 tonnes Russian at $186.90

*Olam: 60,000 tonnes Russian at $189

*ADM: 60,000 tonnes Russian at $189.50

Traders also said the following were the cost and freight (C&F) offers in dollars per tonne:

*Louis Dreyfus: 60,000 tonnes Russian at $182.74 FOB and $9.42 freight equating to $192.16 C&F

*Cargill: 60,000 tonnes Romanian at $183.50 FOB and $8.67 freight equating to $192.17 C&F

*Ameropa: 60,000 tonnes Romanian at $186.23 FOB and $6.25 freight equating to $192.48 C&F

*Alegrow: 60,000 tonnes Russian at $184.92 FOB and $9.42 freight equating to $194.34 C&F

*Cargill: 55,000 tonnes Russian at $184.90 FOB and $9.78 freight equating to $194.68 C&F

*ADM: 60,000 tonnes Romanian at $185.77 FOB and $9.52 freight equating to $195.29 C&F

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