The purchase price of wheat at tender Egypt rose again

Yesterday, at the latest tender, state operator of Egypt GASC has purchased three consignments of Russian wheat for delivery Dec 1-10, in particular:

the

60 thousand tons, the company Aston price 235,80 $/t FOB + 17,69 $/t (NNC Egypt flag) = 253,49 $/t CFR,

60 kt at Garant Logistik 236,90 $/t FOB + 17,69 $/t (NNC Egypt flag) = 254,59 $/t CFR.

• 60 kt in the company Posco Daewoo at a price of 233,95 $/t FOB + 17,69 $/t freight = 251,64 $/t CFR,

the purchase Price increased by about $8/t compared to the previous auction, which took place on September 19 and became one more indicator of the price of black sea wheat for other importers.

it is Worth noting that the tender was also suggested that wheat from France, Romania and Ukraine. Traditionally high asking prices was for Romanian wheat 242,69-247,74 $/t FOB and French - 247,75 $/t FOB. But I was surprised that the party of Ukrainian wheat from Dreyfus, which was proposed at a price of 248 $/t FOB Odessa, was the most expensive of all the proposals.

the bid Prices for the supply of Russian wheat were very diverse, from 233,95 $/t FOB to 242,15 $/t FOB, so GASC chose only three of the cheapest of the proposed party and has closed the tender.

the Increase in the purchase price of wheat in the tender will support prices for Russian and Ukrainian wheat, the demand for which intensified in the last two weeks, and prices have risen by 5-8 $/t FOB.