Egypt booked shipment of Ukraine milling wheat
The Egyptian national buyer GASC bought 345 thou. t of milling wheat for August 1-10 loading period during a tender on April 6, Zerno On-Line reports.
Under the GASC message, the purchase included 290 thou. t of Russian and 55 thou. t of Ukrainian wheat.
Wheat will be supplied by:
- GTCS: 110 000 of Russian wheat at 234 $/t and $18.75 of freight, 252.75 $/t
- Agro AST: 120 000 of Russian wheat at 234 $/t and $18 of freight, 252 $/t
- Olam: 55 000 of Ukrainian wheat at 232.9 $/t and $19.25 of freight, 252.15 $/t
- Grain Export: 60 000 of Russian wheat at 233 $/t and $18 of freight, 251 $/t
The Agritel consultancy reports that despite export taxes in Russia, the Black Sea is competitive with the lowest price offered at 233 $/FOB + $18 freight, i.e. 251 $/CIF, and the highest at 234 $/FOB + $18.75 freight, i.e. 252.75 $/CIF.
"On a CIF basis, the contracted price is barely above $250, compared to $300 during the previous tender of 11 March, which concerned old crop," the message reads.
Previously reported that wheat flour export from Ukraine in March 2021 totalled 4 016 t, the lowest volume shipped over a decade.
