The purchase price of wheat in Egypt fell by 8.3 per dollar in comparison with the previous tender

2019-04-15 12:05:29
Machine translation
The purchase price of wheat in Egypt fell by 8.3 per dollar in comparison with the previous tender

the State Agency of Egypt on Friday GASC purchased 240 thousand tons of wheat at an average price of about 239,98 $/MT CFR delivery from 20 may to 5 June, which was by 8.26 $/t cheaper than at the previous tender two weeks ago.

 

the Winners of the tender was the Romanian and Ukrainian wheat.

 

it Was purchased of the party of Romanian wheat:

  • 60 000 tons, in the company of CHS at a price 228.17$/t FOB + 11.80$/t freight = 239.87$/t C&F;
  • 60 000 tons, the company Ameropa at the price 228.17$/t FOB + 11.80$/t freight = 239.87$/t C&F;
  • 60 000 tons, the company Ameropa at the price 229.57$/t FOB + 10.40$/t freight = 239.97$/t C&F.

 

And the party of Ukrainian wheat, 60,000 tons, in the company of Dreyfus at a price 226.60$/t FOB + 13.40$/t freight = 240.00$/t C&F.

 

After refusing to accept Egypt previously purchased French wheat due to the high content of ergot, sellers European wheat did not put cheap offers on the next tender. The rest of the week Egypt still allowed for the discharge of the party of French wheat, but incurred financial losses have led more carefully to calculate the selling price of wheat for Egypt.

 

U.S. wheat was offered at a minimum price on FOB basis, but due to the high cost of freight was not among the winners.

 

the results of the tender supported the prices on us markets as traders hope to enhance sales at competitive prices, while prices on the Paris stock exchange remained unchanged against the background of the victory of French wheat on the other tender in Algeria.

 

May the U.S. winter wheat was grown:

  • soft wheat SRW in Chicago by $1.47-170,67 $/ton
  • hard wheat HRW in Kansas city for $1,38 to 159,56 $/ton
  • Hard wheat HRS in Minneapolis has declined by $0.75 to 195,20 $/ton

 

Prices on cash markets for Russian and Ukrainian wheat continued to decline on Friday amid falling demand.

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