Markets Extra

Results of Gasc wheat tender - September 16

Markets Extra17 Sep 2020by Markets Extra

Results of the latest wheat tender by Gasc, for November 10-20 shipment.

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

The purchase of Polish wheat was the first at tender since October 2015.

Results of the previous tender are available here.

For shipment November 10-20
Origin	Amount purchased (tonnes)	Price excluding freight ($ per tonne)	Merchant	Freight cost ($ per tonne)
Russian	55,000	235.98	Dreyfus	14.84
Russian	60,000	234.99	Posco	13.25
Russian	60,000	235.98	Solaris	13.25
Polish	60,000	228.43	Cassilo	20.80
Total	*235,000*
Average price per tonne ($)		*233.80*		249.35 including freight

Running total of Gasc wheat tender results 2020-21
Origin	Amount purchased (tonnes)
Poland	60,000
Romania	60,000
Russia	2,524,000
Ukraine	530,000
Total	3,174,000

Total spent, including freight (million dollars)	*720.02*

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