On 16.08.2017 Egypt purchased 355,000 tonnes Russian and Ukrainian wheat

On 16.08.2017 the state owned Egyptian company GASC purchased 355,000 tonnes Russian (295,000) and Ukrainian (60,000) wheat with delivery 20th – 30th September 2017.

Compared to the previous auction, prices fell by more than 10 USD / tonne. The lowest price offered is for Russian wheat 192.29 USD / tonne FOB. The lowest C & F price is also for Russian wheat - 207.53 USD / tonne.
French and Romanian proposals are about 5 USD / tonne higher in FOB terms. In addition to the French wheat and freight will be about 2 - 4 USD / tonne higher. This makes the suggestions from Russia and Ukraine seemingly better.

 The "Sell" offers are as follows:

- Russian wheat - 17 offers with FOB prices 193.29 - 202.90 USD / tonne.
- Ukrainian wheat - 60,000 tonnes with FOB price 194.00 USD / tonne.
- Romanian wheat 60,000 tonnes with FOB price of 198.99 USD / tonne.
- Romanian wheat 60,000 tonnes with FOB price of 202.25 USD / tonne.
- French wheat 60,000 tonnes with a price of FOB 198.69 USD / tonne.

Best offers in C&F terms:

- 60,000 tonnes of Russian wheat at a price of FOB 193.93 USD / tonne + FRT 13.60 USD / tonne, a total of 207.53 USD / tonne C & F.
- 55,000 tonnes of Russian wheat with a price of FOB 192.29 USD / tonne + FRT 15.75 USD / tonne, a total of 208.04 USD / tonne C & F.
- 60,000 tonnes of Ukrainian wheat with a price of FOB 194.00 USD / tonne + FRT 14.73 USD / tonne, a total of 208.73 USD / tonne C & F.
- 60,000 tonnes of Russian wheat at a price of FOB 195.10 USD / tonne + FRT 14.00 USD / tonne, a total of 209.10 USD / tonne C & F.
- 60,000 tonnes of Russian wheat at a price of FOB 195.50 USD / tonne + FRT 13.60 USD / tonne, a total of 209.10 USD / tonne C & F.
- 60,000 tonnes of Russian wheat at a price of FOB 196.45 USD / tonne + FRT 14.00 USD / tonne, a total of 210.45 USD / tonne C & F.
- 60,000 tonnes of Russian wheat at a price of FOB 196.50 USD / tonne + FRT 14.00 USD / tonne, a total of 210.50 USD / tonne C & F.
- 60,000 tonnes of Russian wheat at a price of FOB 195.00 USD / tonne + FRQ 16.10 USD / tonne, a total of 211.10 USD / tonne C & F.