The purchase price of the tender in Egypt rose by 4 $/ton

2018-09-19 12:06:30
Machine translation
The purchase price of the tender in Egypt rose by 4 $/ton

Yesterday, the Egyptian operator GASC held another tender for purchase of wheat for delivery in November.

 

In the end, GASC has purchased a large batch (415 tons) of Russian wheat and a shipment of 60 thousand tons of Ukrainian wheat at the price of 4-5 $/t higher than the purchase prices of the previous tender, where it was purchased 235 thousand tons of Russian wheat at a price of 240 $/t CFR.

 

the tender was purchased the following wheat delivery November 1-10:

 

Russian

GTCS, 60 thousand tons at a price of 227.5 $/t FOB + freight 17,1 $/t = 244,6 $/t CFR,

  • GTCS, 60 thousand tons at a price 226,0 $/t FOB + freight 17,1 $/t = 243,1 $/t CFR,

 

Ukrainian

  • LDC 60 thousand tons at a price 227,73 $/t FOB + freight of 16.87 $/t = 244,6 $/t CFR.

 

295 thousand tons of Russian wheat were purchased on the terms of delivery 11-20 Nov:

Daewoo 60 thousand tons at a price of 227.5 $/t FOB + freight 17,1 $/t = 244,6 $/t CFR,

ADM 60 thousand tons at a price 228,65 $/t FOB + freight 16,35 $/t = 245 $/t CFR,

Aston 60 thousand tons at a price 227,85 $/t FOB + freight 17,1 $/t = 244,95 $/t CFR,

Daewoo 55 thousand tons at a price of 227.5 $/t FOB + freight 17,56 $/t = 245,06 $/t CFR.

  • Garant Logistics 60 thousand tons at a price 225,95 $/t FOB + freight 17,1 $/t = 243,05 $/t CFR,

 

the Decrease in the official forecast of wheat exports from Russia and higher prices on exchanges encourages importers of wheat to step up purchases as prices will continue to rise, especially in the case of reduction of inputs on the world market of Russian wheat, which today is the cheapest one.