Egypt purchased 115 thou. t of tendered Ukrainian wheat

On October 29th, Egypt purchased two consignments of Ukrainian wheat grain at the tender, Agritel reports.

Thus Egypt has bought 235 000 t shared as follows:

• 60 000 t origin France at 214.50 $/FOB + 21.35 $/freight or a CIF price of 235.85 $
• 60 000 t originating in Ukraine at 219.50 $/FOB + 16.66 $/freight or a CIF price of 236.16 $
• 55 000 t originating in Ukraine at 217.45 $/FOB + 17.10 $/freight or a CIF price of 234.55 $
• 60 000 t originating in Romania at 220.75 $/FOB + 14.65 $/freight or a CIF price of 235.40 $

"Indeed, the French origin is competitive but it seems that the lack of availability on the close contract penalizes the offers at the shippers. The French operators should be careful in the future not to generate losses of international opportunities due to this retention for sale," the report reads.

Previously reported that in the week of Oct. 19–25 staple grains shipment in Ukrainian seaports totalled 1.87 mln t, 2.5x higher from the previous week (776 thou. t).