Lowest offer at Egypt tender at $232.5/T for Romanian wheat – traders

The lowest free-on-board offer presented at an Egyptian state purchasing tender for wheat on Wednesday was $232.5 per metric ton for 60,000 tons of Romanian wheat, traders said.

The offer was presented by Al Dahra.

Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC) is seeking wheat in an international purchasing tender.

The deadline for offers is Mar. 20 and results are expected later today. Suppliers were asked to submit offers for payment via both 270-day letters of credit and 180-day letters of credit and GASC will choose between them.

Offers should also be submitted on a free-on-board (FOB) for shipment from May. 5-15.

Traders said that Russian wheat offered many times at the same price was an illustration of the Russian government’s minimum export price to cool Russian domestic wheat prices.

Tags: Egypt, tender, Romania, GASC, wheat, shipment