The Egyptian winners of the tender became Romanian and Russian wheat
2016-07-29 14:48:17
Machine translation
Egyptian State grain Agency GASC bought the tender on 28 July, 120 thousand tonnes of soft milling wheat on the delivery terms 1 to 10 September 2016.
agreements:
- the for the supply of 60 thousand tons of wheat of Russian origin price 168,85 $/t FOB and freight cost of 7.51 $/ton = 176,36 $/t C&F with ADM,
- the for the supply of 60 thousand tons of wheat of Romanian origin at a price of 169,90 $/t FOB and freight cost of 8.09 $/ton = 177,99 $/t C&F.
In comparison with the previous tender of July 15, the price of Russian wheat on FOB basis rose by 2.05 $/ton, and Romanian – 2.23 $/ton.
it is Likely that the growth rates of wheat from tender to tender and was the main reason for such an insignificant volume of purchase of grain in the background of a large number of offers from the black sea region.
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The Egyptian winners of the tender became Romanian and Russian wheat