July 7, 2020 / 12:15 PM / a month ago

UPDATE 2-Russian wheat offered lowest at Egypt's GASC wheat tender

(Adds cost and freight offers)

DUBAI/HAMBURG, July 7 (Reuters) - The lowest offer presented on Tuesday at an Egyptian state tender for wheat was $205 per tonne, free-on-board (FOB), for 55,000 tonnes of Russian grain, traders said.

The offer was presented by GTCS.

Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC,) is in the market for an unspecified amount of wheat from global suppliers for shipment from Aug. 8-18 for payment at sight.

Traders gave the following breakdown of the offers presented in dollars per tonne on an FOB basis:

*GTCS: 55,000 tonnes of Russian wheat at $205

*Cofco: 60,000 tonnes of Romanian wheat at $209.99

*Louis Dreyfus: 60,000 tonnes of Ukraine wheat at $207.97

*Agro AST: 55,000 tonnes of Russian wheat at $207

*ADM: 60,000 tonnes of Russian wheat at $208.45

*Nibulon: 60,000 tonnes of Russian wheat at $206.95

*Solaris: 60,000 tonnes of Russian wheat at $207.70

*Grain Export: 60,000 tonnes of Russian wheat at $205.70

*Orsett: 60,000 tonnes of Russian wheat at $209

*Hakan: 60,000 tonnes of Russian wheat at $205.65

*Glencore: 60,000 tonnes of Russian wheat at $210.86

*Glencore: 60,000 tonnes of French wheat at $218.86

Traders said the following were the most competitive offers presented including cost and freight (C&F):

*Hakan: 60,000 tonnes of Russian wheat at $205.65 FOB and $13.2 freight equating to $218.85 C&F

*Grain Export: 60,000 tonnes of Russian wheat at $205.70 FOB and $13.2 freight equating to $218.90 C&F

*GTCS: 55,000 tonnes of Russian wheat at $205 FOB and $14 freight equating to $219 C&F

*Nibulon: 60,000 tonnes Ukraine wheat at $206.95 FOB and $13.62 freight equating to $220.57 C&F

*Solaris: 60,000 tonnes of Russian wheat at $207.70 FOB and $14.23 freight equating to $221.93 C&F

*Agro AST: 55,000 tonnes Russian wheat at $207 FOB and $15.23 freight equating to $222.23 C&F

*ADM: 60,000 tonnes Russian wheat at $208.45 FOB And $15.37 freight equating to $223.82 C&F

*Louis Dreyfus: 60,000 tonnes of Ukraine wheat at $207.97 FOB and $16.19 freight equating to $224.16 C&F

No purchase has yet been made and results are expected later on Tuesday. (Reporting By Maha El Dahan and Michael Hogan; Editing by Jon Boyle and David Evans)

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