Russian wheat no longer competitive

30 January, 2019 at 13:01

In the tender of January 29, Egypt purchased French wheat for the first time this season.  In addition, it bought wheat from Romania. A total 360 KMT of wheat was purchased there for delivery on March 11-20, 2019, at an average price of $262.77/MT C&F. The purchase price in the previous tender equaled $264.87/C&F.

So, the purchase included the following:

 

Quantity, KMT

Origin

Shipper

FOB ($)

Freight ($)

C&F ($)

1

60

Romania

ADM

249.89

11.45

261.34

2

60

Romania

COFCO

250.76

11.45

262.21

3

60

Romania

Cargill

252.00

10.50

262.50

4

60

France

Glencore

247.80

17.15

264.95

5

60

France

Glencore

247.80

15.00

262.80

6

60

France

Soufflet

247.80

15.00

262.80

In the previous tender on January 9, Egypt bought 415 KMT of milling wheat from Russia to be delivered on February 20-28 and on March 1-10, 2019.