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UPDATE 2-Lowest offer at Egypt's GASC tender for Romanian wheat

Published 19/06/2018, 10:29 pm
© Reuters.  UPDATE 2-Lowest offer at Egypt's GASC tender for Romanian wheat

(Adds lowest c&f offers including shipping, second table, comment)

DUBAI/HAMBURG, June 19 (Reuters) - The lowest offer presented at Egypt's state grain buyer GASC international wheat purchasing tender was $203.95 per tonne for 60,000 tonnes of Romanian wheat, traders said on Tuesday.

The offer was made by supplier ADM.

GASC is seeking cargoes of 55,000 to 60,000 tonnes for Aug. 1-10 shipment.

No purchase has yet been made and results are expected on Tuesday.

Traders said these offers were made on a FOB basis in dollars a tonne, with tonnes offered when available:

Cofco: 60,000 tonnes Romanian at $209.49 55,000 tonnes Russian at $210.69 ADM: 60,000 tonnes Romanian at $203.95 60,000 tonnes Romanian at $204.95 55,000 tonnes Russian at $209.50 Ameropa: 60,000 tonnes Romanian at $206.79 60,000 tonnes Romanian at $208.29 Posco Daewoo: 55,000 tonnes Russian at $206.20 Orsett: 60,000 tonnes Russian at $206.75 Cargill: 60,000 tonnes Romanian at $206.25 CHS: 60,000 tonnes Romanian at $204.74 Aston: 60,000 tonnes Russian at $206.85 60,000 tonnes Russian at $206.85

Traders said these were the lowest offers made on a C&F basis including ocean shipping costs in dollars per tonne with port of loading: ADM: 60,000 tonnes Romanian at $218.10, Constanta CHS: 60,000 tonnes Romanian at $218.89, Constanta ADM: 60,000 tonnes Romanian at $219.10, Constanta

Cargill: 60,000 tonnes Romanian at $220.40, Constanta

Posco Daewoo: 55,000 tonnes Russian at $221.80, Tuapse Orsett 60,000 tonnes Russian at $222.00, Novorossiysk

"The Black Sea region continues to dominate Egyptian tenders with the United States and west EU absent," one German trader said.

The wheat was sought for shipment between August 1-10.

At its last tender on June 12, GASC bought 420,000 tonnes of Russian and Romanian wheat for shipment from July 15 to July 25.

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