Egypt's GASC buys 300k Russian, 60k French wheat in tender

Egypt’s state grain importer picked up 300,000 mt of Russian wheat at $265/mt FOB and 60,000 mt of French wheat at $262.50/mt FOB for March shipment, according to market sources.

The state-backed General Authority for Supply Commodities (GASC) booked five positions of 60,000 mt each, paying $265/mt FOB or $285.67/mt CFR on average, for March 15-30 delivery.

ME Solaris Commodities, Grain Flower, Aston Agro-Industrial SA, and Olam were among the suppliers, with four loads shipping from Kavkaz and one from Novorossiysk.

Freight for one cargo came in at $21.15/mt, while the rest were priced slightly lower at $20.20/mt.

In addition, Viterra sold 60,000 mt at $262.50/mt FOB or $284.50/mt CFR, with freight at $22/mt.

In its last tender that closed on January 9, GASC booked 360,000 mt of Russian-origin wheat at $265/mt FOB for February 29-March 11 shipment.

Along with that, Egypt picked up 60,000 mt of Ukrainian wheat at $282.35/mt FOB Constanta for the same shipment period.

For more information on recent GASC buying, please see our Tender Dashboard.