Egypt fast-tracks recycling plant to turn Suez Canal into 'green canal'    Global pressure mounts on Israel as Gaza death toll surges, war deepens    Egypt targets 7.7% AI contribution to GDP by 2030: Communications Minister    Irrigation Minister highlights Egypt's water challenges, innovation efforts at DAAD centenary celebration    Egypt discusses strengthening agricultural ties, investment opportunities with Indian delegation    Al-Sisi welcomes Spain's monarch in historic first visit, with Gaza, regional peace in focus    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Egypt expands medical, humanitarian support for Gaza patients    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt Buys 300,000 T Romanian, Russian, French Wheat
Published in Amwal Al Ghad on 01 - 11 - 2012

Egypt, the world's biggest importer of wheat, bought 300,000 tonnes of Romanian, Russian and French wheat for shipment Dec. 21-31, the main government wheat buyer said on Wednesday.
Nomani Nomani, Vice Chairman of the General Authority for Supply Commodities (GASC), had said on Tuesday he invited bids for shipment Dec. 21-31 and Jan. 1-10 but on Wednesday said he had bought the entire amount for December shipment.
Nomani gave a breakdown of the purchases as follows:
- 60,000 tonnes of Romanian wheat from Ameropa at $355.88/tonne with freight costs of $10.75
- 120,000 tonnes of Russian wheat from Glencore at $356.50/tonne with freight costs of $10.99
- 60,000 tonnes of French wheat from Bunge at $353.61/tonne with freight costs of $13.88
- 60,000 tonnes of French wheat from Glencore at $353.61/tonne with freight costs of $13.88
GASC has scrambled for supplies amid concerns that drought-hit Black Sea nations such as Ukraine and Russia may have little to offer later this year.
Egypt said on Tuesday it had not removed Ukraine from its list of potential wheat suppliers despite an upcoming export ban by the Black Sea country.
Nomani said Ukraine's decision to stop wheat exports on Nov. 15 was not considered to be official because it had not been confirmed by the country's prime minister.
GASC snapped up almost seven months' wheat stocks for Egypt, buying more than 1 million tonnes in September alone, mostly from the Black Sea region.
Growing worries about dry weather reducing wheat output in Australia, the world's No. 2 exporter, have added to concerns among import-dependent nations about shrinking global supplies.
During the 2011/12 fiscal year, GASC's purchases were dominated by Black Sea origin wheat.
GASC purchased 3.24 million tonnes of Russian wheat, 180,000 tonnes of Romanian wheat, 360,000 tonnes of Ukrainian wheat, 60,000 tonnes of Russian, Ukraine or Kazakh wheat at the seller's option and 60,000 tonnes of Russian or Kazakh wheat at the seller's option during the 2011/12 fiscal year.
It also bought 300,000 tonnes of French wheat and 300,000 tonnes of Argentine wheat as well as 530,000 tonnes of U.S. soft red winter wheat and 60,000 tonnes of Canadian wheat.
BIDS Traders said the following bids were made in tonnes with dollar price per tonne on a FOB basis unless otherwise stated: For shipment 21-31 Dec 2012: *Toepfer 55,000 Soft White Winter $342.10 *Soufflet 60,000 French $363.27 *Bunge 60,000 French $354.50 *Invivo 60,000 French $362.50 *Ameropa 60,000 Romanian $355.88 *Noble 60,000 French $356.65 *Nidera 60,000 Romanian $369.34 *Olam 60,000 Russian $359 *Louis Drefus 60,000 French $357 + 60,000 Canadian $353.49 + 2 x 55,000 Hard Red Winter $381.19 *Glencore 60,000 French $355.49 + 60,000 Russian $357 + 60,000 Russian $359 *Cargill 60,000 Romanian $360.58 + 60,000 French $357.58 *Cargill 60,000 Soft White Winter $338.99 + 60,000 Soft Red Winter $350.63 For shipment 1-10 Jan 2013: *Toepfer 60,000 Soft Red Winter $355.90 + 60,000 French $359.59 *Louis Dreyfus 60,000 French $357 + 55,000 Soft White Winter $341.54 *Louis Dreyfus 2 x 55,000 Hard Red Winter $382.88 + 60,000 Canadian $354.97 *Glencore 60,000 French $355.49 + 60,000 Argentinian $342.81 *Invivo 60,000 French $358.73 *Ameropa 60,000 Romanian $357.88 *Cenex Harvest (CHS) 60,000 Soft Red Winter $350.25 *Lecureur 60,000 French $363.50 *Noble 60,000 French $356.65 *Venus 60,000 Soft Red Winter $353.67 *Nidera 60,000 Romanian $369.34 *Alex Grain 55,000 Soft Red Winter $347.99 *Cargill 60,000 Soft White Winter $340.14 + 60,000 Soft Red Winter $350.99 FREIGHT BIDS Traders also said the following freight (ocean shipping) bids were made in the tender in dollars a tonne: For shipment 21-31 Dec 2012: Romania: $10.75 Russia: Glencore $10.99, Olam $11.74 France: Bunge $13.88; Glencore $14.24 For shipment 1-10 Jan 2013: Romania: Ameropa $10.50 Argentina: Glencore $26.10 SRW: Alex Grain $22.65 France: Louis Dreyfus $14.82; InVivo $13.88
Reuters


Clic here to read the story from its source.