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US wheat lowest FOB offer in Egyptian wheat tender 

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By Fawad MaqsoodReuters

HAMBURG/CAIRO: The lowest offer submitted in an international tender to buy wheat held on Friday by Egypt's state buyer GASC was $220.50 a tonne free on board (FOB) for wheat from the United States, traders said.

The lowest c&f offer including ocean shipping costs was Romanian wheat at $238.57 a tonne c&f, they said.

No purchase has yet been made and GASC is expected to announce the results of the tender, seeking wheat for shipment from May 20 to June 5, later on Friday.

Copyright Reuters, 2019

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