The purchase price of the Egyptian tender went up again

2019-10-09 12:02:17
Machine translation
The purchase price of the Egyptian tender went up again

At yesterday's tender, the Egyptian GASC bought 295 thousand tons of wheat for delivery in November at a price of 2.3 $/t higher than at the previous auction, when it was too high bid prices of the black sea grain purchased 60 KMT of French wheat.

 

the hopes of the Egyptians for a price reduction for black sea wheat under pressure from the growth proposals of the European grains did not materialize. After world quotations of the bid prices of Russian wheat on the basis of FOB increased by 1.7 points, from 6.25 $/t, Ukrainian – 0.55-5,42 $/ton, French – 5.7-7,85 $/t Us wheat again did not participate in the tender because of too high prices.

 

At the end of trading GASC bought:

60 thousand tons of Russian wheat from GrainExport of the company at a price 220,85 $/t CFR (205,15 $/t FOB + 15,7 $/t freight);

60 thousand tons of Russian wheat from Posco International price 222,2 $/t CFR (206,5 $/t FOB + 15,7 $/t freight);

55 thousand tons of Ukrainian wheat at the company Hakan at a price 222,15 $/t CFR (201,6 $/t FOB + of 20.55 $/t freight);

60 KMT of Ukrainian wheat from Dreyfus company at a price 222,61 $/t CFR (206,67 $/t FOB + of 15.94 $/t freight).

  • 60 thousand tons of Russian wheat from GrainExport of the company at a price 220,42 $/t CFR (204,72 $/t FOB + 15,7 $/t freight);

 

the Growth in world prices of wheat, due to problems with the harvest in Canada, Australia and Argentina, forced the GASC to purchase wheat from 10-20 November at an average price of 221,65 $/t CFR whereas at auction September 25, he purchased 300 TMT of Russian and French wheat at an average price of 214,02 $/t CFR.

 

the Victory of Ukrainian wheat in the Egyptian tender will additionally support the internal purchasing price, which gradually grow on the background of reduction sentences.