Egypt's GASC Buys 180,000 Tons Russian Wheat

Date : 07/15/2011 @ 12:11PM
Source : Dow Jones News
Stock : Landauer, Inc. (LDR)
Quote : 55.5  0.45 (0.82%) @ 10:28AM

Egypt's GASC Buys 180,000 Tons Russian Wheat

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Egypt's state-owned wheat buyer, the General Authority for Supply Commodities, Thursday said it bought a total of 180,000 metric tons of Russian wheat.

Of the total, GASC bought 60,000 tons of Russian wheat from Aston Agro at $245.59/ton and 60,000 tons of Russian wheat from Bunge at $246.60/ton. GASC also purchased 60,000 tons of Russian wheat from Nidera at $247.25/ton.

All shipments add $17 freight from EgyBulk.

The wheat is for shipment Aug. 11-20.

Here is the breakdown of bids:

Glencore:

60,000 tons Russian wheat at $256.00/ton

In-Vivo:

60,000 tons French wheat at $288.40/ton at one load port

Toepfer:

2 60,000 ton shipments soft red winter wheat at $285.20/ton freight on board US Gulf

Nidera:

55,000 tons soft red winter wheat at $299.95/ton at one or two load ports freight on board St Lawr and 60,000 tons Russian wheat at $249.95/ton freight on board Novo.

Allegrow:

60,000 tons Russian wheat at $257.00/ton.

Dreyfus:

60,000 tons Russian wheat at $253.74/ton and 60,000 tons French wheat at $289.74/ton at one or two load ports.

Viterra:

60,000 tons French wheat at $279/ton at two load ports.

Soufflet:

60,000 tons French wheat at $281.80/ton at two load ports

Bunge:

60,000 tons Russian wheat at $247.50/ton.

Aston:

60,000 tons Russian wheat at $245.59/ton + 18.25 French wheat

Venus:

60,000 tons soft red winter wheat at $280.00/ton freight on board US Gulf

Granit:

60,000 tons French wheat at $284.80/ton at one load port.

Cargill:

60,000 tons Russian wheat at $249.80/ton.

-By Matt Bradley, Dow Jones Newswires; +20188750572; matt.bradley@dowjones.com

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