Egypt's GASC Receives at Least 17 Offers in Wheat Tender
22 Noviembre 2018 - 07:28AM
Noticias Dow Jones
By David Hodari
LONDON--Egypt's state grain buyer received at least 17 offers in
its latest wheat tender, with Russian grain constituting most of
the offers, traders said Thursday.
Russian Black Sea wheat has dominated wheat tenders from Egypt's
General Authority For Supply Commodities in recent months. In its
last wheat tender in late October, GASC bought 470,000 metric tons
from Russia, Ukraine and the U.S. Egypt is the world's largest
grain importer.
Traders said late Wednesday that the state grain-buying agency
issued a tender for wheat for delivery between Jan. 10 and Jan.
20.
On this occasion, the state body received 11 Russian offers, in
addition to four offers from Romania, one from Ukraine and two from
the U.S.
Of the Russian offers, two came from GTCS at $239.15 and $242 a
ton excluding shipping fees, and two came from Daewoo at $240.30
and $243.35 a ton. Other offers came from Agro Ind. at $233.50,
Glencore at $238.86, Grand Logistics at $239 and Alegrow at $239.15
a ton.
The remaining Russian offers came from ADM at $243.50 a ton and
Aston at $239.90 a ton.
The Romanian offers came from ADM at $240.64, Cerealcom at $239,
Ameropa at $246.50 and Cofco at $242.99 a ton.
The sole Ukrainian offer came from Louis Dreyfus Company at
$239.75 a ton, while both American offers came from Cargill at $221
a ton.
The average price of tender offers without shipping fees was
$238.23 a ton.
The results of the tender are due later Thursday.
U.S. wheat futures were last up 0.44% at $5.09 a bushel and
European milling wheat futures were last up 0.75% at EUR200.75 a
metric ton.
Write to David Hodari at david.hodari@wsj.com
(END) Dow Jones Newswires
November 22, 2018 08:13 ET (13:13 GMT)
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