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Egypt's GASC buys 360,000 tonnes of wheat -trade

EGYPT-WHEAT/TENDER (URGENT):Egypt's GASC buys 360,000 tonnes of w... Read More

ABU DHABI

, Feb 22 (

Reuters

) -

Egypt

's state grain buyer

GASC

bought 360,000 tonnes of wheat in its international purhcase tender, Cairo-based traders said on Wednesday.
GASC bought 300,000 tonnes of Russian wheat and 60,000 tonnes of Ukrainian wheat.
Traders gave the following breakdown of the purchase:
*

Cargill

: 60,000 tonnes of Russian wheat at $196.50 a tonne free-on-board (FOB) and $11.25 a tonne freight, equating to $207.75 a tonne cost and freight (C&F)
*

Louis Dreyfus

: 60,000 tonnes of Ukrainian wheat at $195.90 a tonne FOB and $12.55 a tonne freight, equating to $208.45 a tonne C&F
* Louis Dreyfus: 60,000 tonnes of Russian wheat at $196.95 a tonne FOB and $11.25 a tonne freight, equating to $208.20 a tonne C&F
* Olam: 60,000 tonnes of Russian wheat at $197 a tonne FOB and $11.25 a tonne freight, equating to $208.25 a tonne C&F
* Medgulf: 60,000 tonnes of Russian wheat at $198.25 a tonne FOB and $10.85 a tonne freight, equating to $209.10 a tonne C&F
*

ADM

: 60,000 tonnes of Russian wheat at $199.30 a tonne FOB and $10.85 a tonne freight equating to $210.15 a tonne C&F
For a full list of offers presented at the tender click (Reporting By

Eric Knecht

and Maha El Dahan; Editing by David Goodman)

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