The price of the Egyptian tender rose 3.6 $/t

2019-12-04 12:03:15
Machine translation
The price of the Egyptian tender rose 3.6 $/t

the Egyptian State Agency GASC at yesterday's tender was purchased 295 thousand tons of Russian wheat for Jan 21-31 delivery at an average price of 221,9 $/t FOB or 235,94 $/t CFR, which is by 3.58 $/t higher than at the previous auction on November 13 when it was purchased 465 thousand tons of wheat with delivery 1-15 January 217,91 price $/t FOB or 232,36 $/t CFR.

 

participation in the auction was attended by 14 proposals for the supply of wheat from Russia, Ukraine, France and Romania. The cheapest Russian wheat offer was a price 221,48 $/t FOB, down 4.03 $/t higher than at the previous tender.

 

Prices of Russian wheat on the basis of FOB increased by 4.92-of 10.54 $/t, Ukrainian – by 6.59 $/tonne, French – 5.5-to 12.44 $/t, but on average were at the level of 222 $/MT, while Romanian wheat was offered at 223,98 $/t. the Price of French wheat at the level of 221,86 $/t FOB confirmed the competitiveness of European wheat in comparison with the Russian on the world market.

 

the tender was purchased by the following parties:

the

120 thousand tons of Russian wheat from company Solaris at a price 235,93 $/t CFR (222 $/t FOB + of 13.93 $/t freight),

120 thousand tons of Russian wheat from GrainExport of the company at a price 236,3 $/t CFR (222 $/t FOB + 14,3 $/t freight).

  • 55 KMT of Russian wheat from Glencore at a price 235,17 $/t CFR (221,49 $/t FOB + of 13.68 $/t freight),

 

Egypt is the world's largest importer of wheat, with an annual purchasing volume of about 12.5 million tons of wheat. Almost half of this volume GASC buys, so it tenders considered powerful indicators of the movement of world prices for wheat.

Visitors’ comments (0):