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UPDATE 2-Ukraine wheat offered at lowest price at Egypt's GASC tender

Published 09/07/2019, 11:23 pm
Updated 09/07/2019, 11:30 pm
© Reuters.  UPDATE 2-Ukraine wheat offered at lowest price at Egypt's GASC tender

(Adds cost and freight offers)

DUBAI/HAMBURG July 9 (Reuters) - The lowest offer presented at an Egyptian state tender for wheat was at $198.77 a tonne free-on-board for 60,000 tonnes of Ukrainian wheat, traders said on Tuesday.

The offer was presented by Louis Dreyfus.

Egypt, the world's largest wheat buyer, said on Monday it was seeking an unspecified quantity of wheat for shipment Aug. 10-20.

Results of the tender, carried out by state buyer the General Authority for Supply Commodities (GASC), are expected later on Tuesday.

Traders gave the following breakdown of the offers presented in dollars per tonne on a free-on-board (FOB) basis:

*Louis Dreyfus: 60,000 tonnes of Ukraine wheat at $198.77

*ADM: 60,000 tonnes of Ukraine wheat at $199.99

*Hakan: 55,000 tonnes of Ukraine wheat at $199.70

*Louis Dreyfus: 60,000 tonnes of Russian wheat at $204.37

*Glencore: 55,000 tonnes of Russian wheat at $198.86

*ADM: 55,000 tonnes of Russian wheat at $202.50

*ADM: 55,000 tonnes of Russian wheat at $200.25

*Cofco: 55,000 tonnes of Russian wheat at $202.44

*Aston: 60,000 tonnes of Russian wheat at $210.97

*Posco International: 60,000 tonnes of Russian wheat at $200.85

*Posco International: 55,000 tonnes of Russian wheat at $199.85

*GTCS: 60,000 tonnes of Russian wheat at $202

*Garant Logistics: 60,000 tonnes of Russian wheat at $201.40

*Agro AST : 60,000 tonnes of Russian wheat at $204

*ADM: 60,000 tonnes of Romanian wheat at $198.79

*Glencore: 60,000 tonnes of Romanian wheat at $198.86

*Ameropa: 60,000 tonnes of Romanian wheat at $200.79

*CHS: 60,000 tonnes of Romanian wheat at $201.75

Traders said the following were the best offers including cost and freight (C&F):

*ADM: 60,000 tonnes of Romanian wheat at $198.79 FOB and $15.49 freight equating to $214.28 C&F

*Glencore: 60,000 tonnes of Romanian wheat at $198.86 FOB and $15.49 freight equating to $214.35 C&F

*Ameropa: 60,000 tonnes of Romanian wheat at $200.79 FOB and $14.5 freight equating to $215.29 C&F

*Louis Dreyfus: 60,000 tonnes of Ukraine wheat at $198.77 FOB and $17.39 freight equating to $216.16 C&F

*Glencore: 55,000 tonnes of Russian wheat at $198.86 FOB and $17.53 freight equating to $216.39 C&F

*ADM: 60,000 tonnes of Ukraine wheat at $199.99 FOB and $17.39 freight equating to $217.38 C&F

*Posco International: 60,000 tonnes of Russian wheat at $200.85 FOB and $16.59 freight equating to $217.44 C&F

*Posco International: 55,000 tonnes of Russian wheat at $199.85 FOB and $17.82 freight equating to $217.67 C&F

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