To tender in Egypt, defeated the Russian and Ukrainian wheat
Yesterday, the Egyptian Agency GASC bought at the tender 350 tons of soft milling wheat of Ukrainian and Russian production with delivery from 21 to 31 January. The purchase price compared with the previous auction has not changed, however, due to lower freight price of wheat in the FOB increased by 2-3 $/t to 236,3-237,6 dollars/t
If the last tender was won by the U.S. and Romanian wheat, yesterday the leader once again became the Russian grain. Some companies refused to participate in the auction after Egypt was not able to put the letters of credit to pay for the wheat, which was delivered in December.
Ukrainian wheat in the amount of 60 thousand tons was purchased from the company at a price of LDC 236,6 $/t FOB-Odessa at a rate of 16.7 ocean freight $/t = 253,3 $/t C&F.
the Russian wheat were purchased from the following companies:
55 kt in the company Posco Daewoo at a price of 236,75/t FOB Tuapse at a rate of 16.6 ocean freight $/t = 253,35 $/t C&F
60 thousand tons, the company Aston price 237,35 $/t FOB Novorossiysk at the rate of 15.90 ocean freight $/t = 253,25 $/t C&F
60 kt in the company GTCS for the price 237,60 $/t FOB Novorossiysk at the rate of 15.90 ocean freight $/t = 253,50 $/t C&F
55 thousand tonnes from Glencore at a price 236,30 $/t FOB-Taman at a rate of ocean freight 16,95 $/t = 253,25 $/t C&F.
- 60 kt in the company Posco Daewoo at a price of 236,3 USD/t FOB Novorossiysk at the rate of 15.90 ocean freight $/t = 252,2 $/t C&F
the Results confirmed the trend of further growth of prices for black sea wheat, due to a reduction in reserves in the Central regions of the Russian Federation and the need to transport grain for export from the Eastern regions to the black sea ports.
Ukraine wheat supply decreased due to active export. As of 5 December, it exported 9.5 million tonnes of wheat under the Memorandum of 16 million tons.