The Egyptian winners of the tender became Romanian and Russian wheat

Egyptian State grain Agency GASC bought the tender on 28 July, 120 thousand tonnes of soft milling wheat on the delivery terms 1 to 10 September 2016.

agreements:

• the for the supply of 60 thousand tons of wheat of Russian origin price 168,85 $/t FOB and freight cost of 7.51 $/ton = 176,36 $/t C&F with ADM,
• the for the supply of 60 thousand tons of wheat of Romanian origin at a price of 169,90 $/t FOB and freight cost of 8.09 $/ton = 177,99 $/t C&F.

In comparison with the previous tender of July 15, the price of Russian wheat on FOB basis rose by 2.05 $/ton, and Romanian – 2.23 $/ton.

it is Likely that the growth rates of wheat from tender to tender and was the main reason for such an insignificant volume of purchase of grain in the background of a large number of offers from the black sea region.