The purchase price for wheat tenders in Egypt and Turkey has increased

2020-01-15 12:06:45
Machine translation
The purchase price for wheat tenders in Egypt and Turkey has increased

Yesterday, the wheat market has received support from the results conducted in Egypt, Turkey and Jordan procurement tenders.

 

Egyptian GASC yesterday bought 240 thousand tons of Russian and Romanian wheat protein 12.5%, and delivery of 1-15 March at an average price of 236,27 $/t FOB or 249,5 $/t CFR, about 4 $/t purchase price exceeds the previous auction on 8 January, when it was contracted 300 thousand tons of Romanian, Ukrainian and Russian wheat at an average price of 232,23 $/t FOB or 245,71 $/t CFR.

 

For the week, the offer prices on FOB basis rose 3.35-6,84 $/t, what Ukrainian wheat has risen the most - by 6.35-6,84 $/t

 

In the end, GASC purchased in the tender the following roles:

the

60 thousand tons of Russian wheat from the company's Grain Export at a price 249,9 $/t CFR (237 $/t FOB + 12,9 $/t freight),

60 thousand tons of Russian wheat from Posco price 248,85 $/t CFR (235,3 $/t FOB + 13,55 $/t freight),

60 KMT of Romanian wheat from Ameropa company at a price 249,87 $/t CFR (236,97 $/t FOB + 12,9 $/t freight).

  • 60 thousand tons of Russian wheat from company Solaris at a price 249,37 $/t CFR (235,82 $/t FOB + 13,55 $/t freight),

 

Turkey has acquired in the tender 550 thousand tonnes of soft milling wheat with protein 13,5%, 75% of which will be supplied by Glencore, and 25% of the company Casillo and 100 thousand tons of durum wheat. Delivery time from 21 January to 8 March. In comparison with the previous tender, which was held in October, the average purchase price of wheat rose to $14/ton to 244,94 $/MT CIF, whereas the purchase price of durum wheat has decreased by 28 $/t to 314,58 $/t CIF.

 

If the Egypt and Turkey also acquired some of dodavka in price wheat old crop, Jordan held a tender for the purchase of wheat of the new harvest, the price of which compared to the previous trading, fell.

 

the Ministry of industry, trade and supply of Jordan has purchased the tender of 60 thousand tonnes of food wheat, protein 12.5%, and delivery on CFR Aqaba in the second half of July in the company Ameropa at the price of 232,5 $/t, which is 7 $/t lower than in batch, purchased at the last auction on 27 February with delivery in April.

 

in addition, until January 21, Jordan will hold another tender for the purchase of 120 tons of wheat for delivery in two batches in July and August, which will be an additional indicator of the price of wheat of the new harvest.