Egypt bought Russian wheat is cheaper than in the past the tender

Egyptian operator GASC tender 08.11.17 bought 120 thousand tons of soft milling wheat Russian production with delivery 15 to 30 December 2017

Already at the fifth tender wins in a row exclusively Russian wheat.

Only the tender was purchased:

the

60 kt in the company Union at a price 196,50 $/MT FOB with freight costs 13,50 $/t = 210 $/MT C&F.

• 60 kt from the company ADM for price 196,50 $/MT FOB with freight costs 13,50 $/t = 210 $/MT C&F

the purchase Price on FOB basis was 2.5 $/t lower than at the previous tender. After the release of guidelines for quarantine service regarding requirements for the wheat that is imported GASC expected a more significant decline in prices, so bought a small amount of wheat.

French wheat bid was not accepted, as the European exporters understand her complete lack of competitiveness.