American wheat among the winners in the Egyptian tender

2018-10-29 12:03:27
Machine translation
American wheat among the winners in the Egyptian tender

on Friday, the state Agency of Egypt GASC bought at the tender 470 thousand tons of wheat from 11 to 20 December at a price of 0.62 was 2.84 $/t lower than at the previous auction.

 

Just purchased 350 thousand tons of Russian wheat and 60 TMT of Ukrainian and American. Wheat from the US last won at auction 17 may 2017

 

the tender was purchased by such party of the Russian wheat:

60 kt in the company GTCS for the price 234,99 $/t FOB + 16,94 $/t freight = 251,93 $/t CFR,

55 thousand tonnes from Cargill at a price 234,27 $/t FOB + 18,83 $/t freight = 253,1 $/t CFR,

60 kt in the company Posco Daewoo at a price of 234,99 $/t FOB + 18,18 $/t freight = 253,17 $/t CFR,

60 thousand tons, the company Aston price 234,99 $/t FOB + 18,18 $/t freight = 253,17 $/t CFR,

60 kt in the company GTCS for the price 234,99 $/t FOB + 18,18$/t freight = 253,17 $/t CFR.

  • 55 kt in the company ECTP at the price of 230 $/t FOB + 18,8 $/t freight = 248,8 $/t CFR,

 

the Party of Ukrainian wheat, 60 thousand tons was purchased from Dreyfus at a price 234,58 $/t FOB + to 18.59 $/t freight = 253,17 $/t CFR.

 

the Main surprise of the auction was the purchase of 60 tonnes of us wheat from Cargill at a price 218,5 $/t FOB U. S. G Mississippi River Louisiana port + 35,47$/t freight = 253,97 $/t CFR.

 

Prices for black sea wheat remains above 230 $/t FOB, even with the depreciation of the Euro, traders are unable to sell any of the party of European wheat. Participation in the auction also took Romanian wheat, which was offered at 241-245 $/t FOB, and a French 243,5 $/t FOB. However, the decline in the price of American wheat will put pressure on prices black sea and European grain.

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