Lowest offer at Egypt tender at $232.5/T for Romanian wheat - traders
Adds details
CAIRO, March 20 (Reuters) -The lowest free-on-board offer presented at an Egyptian state purchasing tender for wheat on Wednesday was $232.5 per metric ton for 60,000 tons of Romanian wheat, traders said.
The offer was presented by Al Dahra.
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC) is seeking wheat in an international purchasing tender.
The deadline for offers is Mar. 20 and results are expected later today. Suppliers were asked to submit offers for payment via both 270-day letters of credit and 180-day letters of credit and GASC will choose between them.
Offers should also be submitted on a free-on-board (FOB) for shipment from May. 5-15.
Traders said that Russian wheat offered many times at the same price was an illustration of the Russian government's minimum export price to cool Russian domestic wheat prices.
Traders gave the following breakdown of the offers on a FOB basis in dollars per ton:
Supplier | QTY/KMT | Origin | 180-day LC | 270-day LC |
ME Solaris Commodities | 60 | RU | $235.00 | $240.00 |
ME Solaris Commodities | 60 | RU | $235.00 | $240.00 |
ME Solaris Commodities | 60 | RU | $235.00 | $240.00 |
ME Solaris Commodities | 60 | RU | $235.00 | $240.00 |
ME Solaris Commodities | 60 | RU | $235.00 | $240.00 |
ME Solaris Commodities | 60 | RU | $235.00 | $240.00 |
Cereal Crops Trading | 60 | RU | $235.00 | $240.00 |
Cereal Crops Trading | 60 | RU | $235.00 | $240.00 |
Grain Flower | 60 | RU | $235.00 | $240.00 |
Grain Flower | 60 | RU | $235.00 | $240.00 |
Grain Flower | 60 | RU | $235.00 | $240.00 |
Grain Flower | 60 | RU | $235.00 | $240.00 |
Grain Flower | 55 | RU | $235.00 | $240.00 |
Grain Flower | 55 | RU | $235.00 | $240.00 |
Aston Agro Industrial SA | 60 | RU | $235.00 | $240.00 |
Aston Agro Industrial SA | 60 | RU | $235.00 | $240.00 |
Aston Agro Industrial SA | 60 | RU | $235.00 | $240.00 |
Aston Agro Industrial SA | 60 | RU | $235.00 | $240.00 |
Buildcom | 50 | BGR | $237.37 | $245.37 |
AMS Ameropa | 60 | RO | $244.00 | $249.00 |
Olam | 60 | RU | $235.00 | $240.00 |
Olam | 60 | RO | $235.00 | $240.00 |
Olam | 60 | FR | $233.00 | $238.00 |
Viterra | 60 | FR | $235.00 | $240.00 |
Viterra | 60 | RU | $235.00 | $240.00 |
Viterra | 60 | RU | $235.00 | $240.00 |
Viterra | 60 | RO | $235.00 | $240.00 |
Al Dahra | 60 | RO | $232.50 | $236.50 |
Grain Star | 60 | RU | $235.00 | $240.00 |
Lecureur | 60 | FR | $238.50 | $243.50 |
ADM | 60 | RO | $240.00 | $245.00 |
Bunge | 60 | FR | $235.00 | $240.00 |
Bunge | 60 | FR | $235.00 | $240.00 |
Cargill | 50 | BGR | $234.50 | $240.50 |
Reporting by Sarah El Safty and Michael Hogan, Editing by Louise Heavens
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.