The lowest price offered is for Ukrainian wheat - 192.74 USD/mt, FOB. Compared to the previous auction held on Saturday, prices are unchanged.
On June 13th 2017 the Egyptian court terminated the GOEIC's authorities to control the import and export of production. The authorities for this control are restored to the Quarantine Administration of Egypt. There is a period of 15 days in which the government may appeal against the decision. This decision is about to restore the absurd standard of 0% ergot content of imported wheat.
Оffers on FOB basis:
Ukraine:
- Louis Dreyfus: 60,000 tonnes at price of 192.74 USD/mt
Russia:
-Louis Dreyfus: 60,000 tonnes at price of 196.74 USD/mt
-Friends: 60,000 tonnes at price of 192.92 USD /mt and / or 60,000 tonnes at price of 195.92 USD/mt
-ADM: 60,000 tonnes with at price of 196.85 USD/mt
-GTCS: 60,000 tonnes at 198.90 USD / mt
-Aston: 60,000 tonnes at price of 194.40 USD/ mt
-Daewoo: 60,000 tonnes at price of 193.70 USD / mt
-Alegrow: 60,000 tonnes at price of 195.95 USD / mt
Romania:
-ADM: 60,000 tonnes at price of 193.97 USD / mt
-Cerealcom: 60,000 tonnes at price of 197.49 USD / mt
France:
-Casillo: 60,000 tonnes at price of 197.69 USD / mt
Best C&F offers:
-Friends: 60,000 tonnes of Russian wheat at price of 192.92 USD / mt FOB + freight 12.55 USD / new = 205.47 USD / mt, C&F
-Louis Dreyfus: 60,000 tonnes of Ukrainian wheat at price of 192.74 USD / ton FOB + freight 13.45 USD / mt = 206.19 USD / mt, C&F
-ADM: 60,000 tonnes of Romanian wheat at price of 193.97 USD / mt, FOB + freight 12.29 USD / mt = 206.26 USD / mt, C&F
-Daewoo: 60,000 tonnes of Russian wheat at price of 193.70 USD / mt, FOB + freight, 13.38 USD / mt = 207.08 USD / mt, C&F
-Aston: 60,000 tonnes of Russian wheat at price of 194.40 USD / mt, FOB + freight, 13.38 USD / mt = 207.78 USD / mt, C&F
-Friends: 60,000 tonnes of Russian wheat at price of 195.92 USD / mt, FOB + freight 13.38 USD / mt = 209.30 USD / mt, C & F
The following quantities of wheat have been purchased:
-180,000 tonnes of Russian wheat at FOB prices of 192.92 USD / mt, 193.50 USD / mt and 193.50 USD / mt.
-60,000 tonnes of Romanian wheat at price of FOB 193.97 USD / mt.
-60,000 tonnes of Ukrainian wheat at price of FOB 192.60 USD / mt.
The average price of the auction is 206.28 USD / mt by taking into account the freight.