The cheapest price at the auction was on French wheat – 197.00 USD/ton FOB. The lowest C&F price was offered on Romanian wheat – 208.38 USD/ton. Russian, Ukrainian, Romanian, American and French wheat was offered at the auction.

Egypt bought 535,000 tons of wheat at the auction including 235,000 tons of Russian wheat, 120,000 tons of Romanian wheat, 120,000 tons of French wheat and 60,000 tons of Ukrainian wheat. The auction prices were higher than last week auction.

Very high GASC wheat import is expected. This information is not the result of the reforms in Egypt which prevented private companies from selling imported wheat at higher prices pretending they are selling domestic wheat. With the current restriction, GASC needs to import more.

These were the best C&F offers:

- Romanian wheat at 197.89 USD/ton FOB + freight 10.49 USD/ ton, a total of 208.38 USD/ ton C&F.

- Russian wheat at 197.94 USD/ ton FOB + freight 10.85 USD/ ton, a total of 208.79 USD/ ton C&F.

- Russian wheat at 198.85 USD/ ton FOB + freight 11.24 USD/ ton, a total of 210.09 USD/ ton C&F.

- Russian wheat at 199.70 USD/ ton FOB + freight 11.24 USD/ ton, a total of 210.94 USD/ ton C&F.

- Romanian wheat at 200.50 USD/ ton FOB + freight 10.49 USD/ ton, a total of 210.99 USD/ ton C&F.

- French wheat at 197.00 USD/ ton FOB + freight 14.12 USD/ ton, a total of 211.12 USD/ ton C&F.

- Ukranian wheat at 200.75 USD/ ton FOB + freight 11.97 USD/ ton, a total of 212.72 USD/ ton C&F.

- American wheat at 197.50 USD/ ton FOB + freight 22.29 USD/ ton, a total of 219.79 USD/ ton C&F.