Russian wheat won the tender in Egypt

the State Agency of Egypt for the purchase of food GASC to tender 2 August bought the company Midgulf 60 thousand tons of milling wheat of Russian origin.

the Price of wheat on FOB basis amounted to 168,9 $/ton, freight rate – of 8.19 $/t, price CIF = 177,09 $/ton.

For each new tender, the rise of the price of 1-2 $/ton, while the volume of purchases is minimal.

this year, Russia will take a leading position in the global wheat market of the season 2016/17 MG. Harvesting and information on high grain yield say about the record achievements in 2016. The experts increased compared to the previous week, the forecast of the gross grain harvest from 113 to 115.8 mln ton, including wheat from 68.4 to 70 million.

Great harvest together with the abolition of export duties, as recently spoke of the government of the Russian Federation, can in the short term to significantly derail the price of wheat on the world market.