The Egyptian tender was almost without competition
the tender on 14 January, Egypt's GASC bought 235 thousand tonnes of soft milling wheat with delivery in the period 15 to 25 February 2017.
Party 175 thousand tons of wheat of Russian origin were purchased:
- Grainbow in the company at a price of $ 198,89 C&F ($ 187,5 FOB+$ 11,39 freight),
- in Olam at 199,34 $/t C&F ($ 187,95 FOB+$ 11,39 freight),
- from Glencore at 200,64 $/t C&F ($ 188,34 FOB+$ 12.3 freight).
the Party of wheat, 60 thousand tons of Romanian origin were purchased from the company Cerealcom at a price of $ 200,35 C&F ($189,65 FOB+$10,7 freight).
In comparison with the previous tender, the purchase price increased slightly. However, it is too early to talk about the emergence of a new trend, as trading was conducted in the absence of competition that allowed the price to consolidate. There were six offers of Russian wheat and one Romanian.
Yesterday, the us markets are not working, so the price of wheat remained essentially unchanged.
Through the devaluation of the hryvnia to 27.50 UAH/ USD UAH Ukrainian wheat prices continue to rise. However, the lack of significant demand for Ukrainian grain on FOB leaves unchanged the price in foreign currency on conditions CPT-port.