(Adds C&F)
CAIRO, Sept 22 (Reuters) - The lowest offer presented on Tuesday at an Egyptian state purchase tender for wheat was $242.00 per tonne for 55,000 tonnes of Russian grain, traders said.
The offer was presented by GTCS.
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) is seeking an unspecified quantity of wheat for shipment Nov. 21-30 with payment using letters of credit that guarantee payment within 180 days.
Traders gave the following breakdown of the offers presented at the tender in dollars per tonne on a free-on-board (FOB) basis:
Supplier Quantity Origin
FOB Glencore (LON:GLEN) 60,000
French
$244.86 Soufflet 60,000
French
$245.44 LDC
60,000
French
$246.50 Grain
60,000
Russian
$243.45 Export
Agro AST 60,000
Russian
$243.90 Hakan
60,000
Russian
$245.12 Posco
60,000
Russian
$249.60 GTCS
55,000
Russian
$242.00 Cargill 55,000
Russian
$243.50 Gemcorp 55,000
Russian
$246.48 Glencore 55,000
Russian
$246.86 LDC
55,000
Russian
$252.00 Nibulon 60,000
Ukrainian $248.00
Traders said the following were the best offers presented including cost and freight (C&F):
Supplier Quantity Origin
FOB
Freight
C&F GTCS
55,000
Russian
$242.00
$14.55
$256.55 Grain
60,000
Russian
$243.45
$13.75
$257.20 Export
Agro AST 60,000
Russian
$243.90
$13.75
$257.65 Cargill
55,000
Russian
$243.50
$14.55
$258.05 Hakan
60,000
Russian
$245.12
$12.90
$258.02 Gemcorp
55,000
Russian
$246.48
$13.62
$260.10 Glencore 55,000
Russian
$246.86
$13.62
$260.48
No purchase has yet been made but results are expected later on Tuesday.