The lowest offer in the international tender from Egypt ‘s state commodities buyer GASC to buy wheat on this morning was believed to be $310.25 a tonne FOB (C&F $343.15) for wheat sourced from Ukraine.
The offer was believed to have been submitted by trading house Nibulon for 60,000 tonnes.
The highest FOB price, meantime, was at $320.00 offered by Grain Export for wheat sourced from Russia.
C&F prices, ranged between $343.15 and $355.23.
Among other main offers there were:
GTCS at $317.00 FOB, for wheat sourced from Russia (C&F $344.80);
LDC at $314.00 FOB, for wheat sourced from Ukraine (C&F $347.75).
No purchase has been made and the result is expected later on this afternoon.
The tender sought wheat for shipment between Oct. 25 and Nov. 3 with payment using 180-day letters of credit.
