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UPDATE 2-Egypt's GASC receives French, Russian wheat offers in tender

Published 11/11/2015, 11:02 pm
Updated 11/11/2015, 11:10 pm
© Reuters.  UPDATE 2-Egypt's GASC receives French, Russian wheat offers in tender

(Adds best cost and freight offers)

CAIRO, Nov 11 (Reuters) - The lowest offer in Egyptian state buyer GASC's wheat purchase tender which closed on Wednesday was $200.69 per tone free on board (FOB) for French wheat, traders said.

The offer was made for 60,000 tonnes, they said.

No purchase has yet been made and results are expected later on Wednesday, traders said.

Traders said the following offers were submitted to GASC in the first round of the tender (in dollars a tonne FOB):

*Glencore: 60,000 tonnes of French wheat at $200.69

*Louis Dreyfus: 60,000 tonnes of French wheat at $200.84

*Soufflet: 60,000 tonnes of French wheat at $200.94

*Invivo: 60,000 tonnes of French wheat at $202.45

*Cargill: 60,000 tonnes of French wheat at $202.60

*Bunge: 60,000 tonnes of French wheat at $202.87

*Lecureur: 60,000 tonnes of French wheat at $203.90

*BTG: 55,000 tonnes of Russian wheat at $204

*Union Co.: 60,000 tonnes of Russian wheat at $204.03

*ADM: 60,000 tonnes of Russian wheat at $205.90

Traders said the shortlist of best offers on a cost-and-freight (C&F) basis was as follows:

*Union Co.: 60,000 tonnes of Russian wheat at $204.03 a tonne FOB and $7.07 a tonne freight equating to $211.10 a tonne C&F

*Glencore: 60,000 tonnes of French wheat at $200.69 a tonne FOB and $10.46 a tonne freight equating to $211.15 a tonne C&F

*Louis Dreyfus: 60,000 tonnes of French wheat at $200.84 a tonne FOB and $10.91 a tonne freight equating to $211.75 a tonne C&F

*BTG: 55,000 tonnes of Russian wheat at $204 a tonne FOB and $7.88 a tonne freight equating to $211.88 a tonne C&F

*Soufflet: 60,000 tonnes of French wheat at $200.94 a tonne FOB and $10.96 a tonne freight equating to $211.90 a tonne C&F

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