Egypt Buys 50/50 Romanian, Russian Wheat in Tender

Egypt’s GASC has bought 360 tonnes of soft and milling wheat with the delivery between 21 and 31 March at a tender on February, 11, the agn. Grain OnLine has reported.

Below are purchase details (in dollars per tonne on a FOB basis):

*Ameropa: 180 thsd tonnes (3 cargoes) of Romanian wheat at $227.90 with a freight rate of $11.6 equating to 239.50 cost & freight;

* Agro AST: 60 thsd tonnes of Russian wheat at $227.80 with a freight rate of $ 11.75 equating to $239.55 cost & freight;

* Solaris: 120 thsd tonnes (2 cargoes) of Russian wheat at $227.50 with a freight rate of $11.75 equating to $239.25 cost & freight.

The average price at tender amounted to $227.73 FOB basis cost and freight, down $3.37 compared to the January tender.