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Results of Gasc wheat tender - August 13

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Results of the latest wheat tender by Gasc for delivery in 2019-20.

 

One of the cheapest offers was actually of French wheat, tendered by Glencore at $199.98 a tonne, but rendered uncompetitive thanks to the higher costs of shipping to Egypt, compared with Black Sea origins.

 

Tenders by Gasc - grain authority for Egypt, the world’s top wheat importer - are closely monitored by investors.

 

The results of the previous tender can be found here.

 

Origin Amount purchased (tonnes)
Price ($ per tonne)
Merchant
Freight cost ($ per tonne)
Russia 60,000 202.48 Solaris 14.71
Russia 60,000 202.48 Hakan 14.71
Ukraine 60,000 199.75 Hakan 18.25
Ukraine 60,000 199.75 Dreyfus 18.25
Russia 55,000 200.90 ADM 18.00
Total 295,000
Average price 201.07

 

 

 

Running total of Gasc wheat tender results 2019-20
Origin Amount purchased (tonnes)
Romania 660,000
Russia 705,000
Ukraine 415,000
Total 1,780,000
Total spent, including freight (million dollars) 384.06

 

 

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