Egyptian GASC yesterday bought 415 thousand tons of Russian wheat

2020-08-14 12:05:05
Machine translation
Egyptian GASC yesterday bought 415 thousand tons of Russian wheat

Egyptian State operator GASC on Tuesday conducted the tender, where gained only 115 thousand tons of cheap Russian wheat, because the other sellers have agreed to lower the price. So yesterday GASC held a new tender, where he purchased 415 thousand tons of Russian wheat at a price of 1-2 $/tonne higher than on Tuesday.


bid Prices of Ukrainian wheat, presents at yesterday's tender, grew by 1,856 and 7.8 $/t, Russian – 1-9,65 $/t


In the end, GASC has purchased 415 thousand tons of Russian wheat protein 12.5% and for October delivery at an average price of 206,72 $/t FOB or 222,63 $/t CFR, which is 1.22 $/t FOB, and 3 $/t CFR is higher than the purchase price at the previous auction.


the tender was purchased the following wheat:


60 kt in the company Posco for a price of 206,95 $/t FOB or 223,33 $/t CFR,

55 kt in the company GTCS for the price 206,3 $/t FOB or 221,98 $/t CFR,

60 kt in the company's Grain Export at a price 207,38 $/t FOB or 222,9 $/t CFR,

60 kt in the company Gemcorp price 207,0$/t FOB or 222,95 $/t CFR.

  • 180 thousand tons of Solaris at a price 206,48 $/t FOB or 222,43 $/t CFR,


Yesterday the price of wheat in Chicago rose after the neighboring market of yellow corn, which is supported by the news of storm-damaged 4 million hectares of crops in Iowa.


the September wheat futures in the U.S.:


by 2.66 $/t to 156,16 $/t for solid winter HRW wheat in Kansas city

1.75 $/t to 182,61 $/t on a firm spring HRS wheat in Minneapolis.

  • 2.02 $/t to 182,52 $/t for SRW soft winter-wheat in Chicago


French wheat on Thursday rose in price after the U.S., but growth was limited to pessimistic expectations regarding export prospects amid another victory of Russian wheat in the tender in Egypt.


Union of agricultural cooperatives of Germany DRV lowered the forecast of wheat harvest in the country by 1 million tonnes to 22.5 million tonnes.



  • September futures milling wheat on MATIF rose on Friday by 0.75 €/t to 178,25 €/t or 220,50 $/t

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