Get started

GASC books 240 kt of Romanian Aug wheat at $258 FOB, $277 CFR

Egypt’s state grain buyer has booked 240,000 mt of Romanian milling wheat for import via a tender that closed Tuesday...

May 24, 2021
By Tom Houghton
Wheat

Egypt’s state grain buyer has booked 240,000 mt of Romanian milling wheat for import via a tender that closed Monday, paying an average of $257.60/mt FOB and $276.60/mt CFR for the cargoes to be delivered August 8-22.

Payment for the cargoes is to be at sight.

GASC received 18 offers from France, Romania, Russia, and Ukraine at its third tender of the 2021/22 marketing year.

At its previous successful tender held on April 7, GASC booked 345,000 mt of Russian and Ukrainian milling wheat paying an average of $233.65/mt FOB and $252.09/mt CFR for August 1-10 shipment.

A separate tender held on April 27 was passed on as offer prices were deemed to be too high at $268.47/mt FOB and $285.84/mt CFR.

Egypt is the world’s biggest wheat importer and will import around 13.2 million mt in 2021/22 marketing year, according to USDA data.

Details of previous GASC buying can be found on the Tender Dashboard.

What to read next
Delayed publication of wheat 10.5% FOB Australia W APW, wheat 9.5% FOB Australia W ASW, barley feed barley FOB Australia assessments
The publication of Fastmarkets’ AG-WHE-0004 Wheat 10.5% FOB Australia W APW, AG-WHE-0005 Wheat 9.5% FOB Australia W ASW and AG-BRY-0001 Barley feed barley FOB Australia assessments for February 2 was delayed due to a technical reason. Fastmarkets’ pricing database has been updated.
February 3, 2026
 · 
By Fastmarkets pricing team
Indoors, Shop, food and beverage procurement
Improve supplier negotiations: Tips for food and beverage procurement teams
In today's market, effective food and beverage procurement is critical for profitability. However, many procurement teams face challenges due to fragmented data, where packaging and ingredient costs are managed in separate silos. This disconnect creates a massive blind spot, making it difficult to challenge supplier price hikes or accurately model total product costs.
January 28, 2026
 · 
By the Fastmarkets team
Food, Grain, Produce
Key changes in Russian wheat market for first half of MY 2025/26: 2026 preview
The start of the new 2026 financial year makes it possible to highlight several key developments in the Russian wheat market during the first half of the 2025/26 marketing year. These include higher production, slower export activity, very stable prices and the continued dominance of three major exporters in terms of market share.
January 20, 2026
 · 
By Masha Belikova
Food, Grain, Produce
CVB wheat market: strong harvests, weak prices reshape export flows: 2026 preview
The Constanta-Varna-Burgas (CVB) wheat market has entered the 2025-2026 marketing year from a firmer price base than last season, but underlying fundamentals point to a more challenging trading environment. While early summer values reflected a sense of tightness, high regional yields, weak margins and cautious farmer behavior are reshaping market dynamics and export flows, according to sources.
January 20, 2026
 · 
By Devora Nedyalkova
Food, Grain, Produce
Wheat prices: Global supply surge pushes US futures down
Chicago and Kansas wheat futures decreased on Friday December 5 as market participants focused on ample global supplies and favorable growing conditions in competing export regions, such as Europe and Canada.
December 9, 2025
 · 
By the Fastmarkets team
Food, Grain, Produce
A Black Sea wheat and corn price outlook for 2026
The 2026 Black Sea Wheat and Corn Outlook highlights a stabilized yet evolving grain market, with Russia and Ukraine adapting to post-conflict logistics, competitive pricing, and strong production despite ongoing regional challenges.
November 26, 2025
 · 
By Eduardo Gonzalez