Monday, November 18, 2013

ANALYSIS OF INDIAN WHEAT TENDERS OF 18.11.2013


ANALYSIS

INDIAN MILLING WHEAT TENDERS-- OPENED ON 18.11.2013.

SHIPMENT BEFORE END DECEMBER 2013
============================================


POST TENDER ANALYSIS REVEALS

1.     Bids that may be awarded business are around $284.70-$289.90 fob/metric ton.

2.    Escalation of $25-$29 pmt from the last tender quote of --$260- is in line with price rise in world markets in last 35 days.

3.     None of the MNCs submitted bids at the highest level.  

4.    Large/medium sized traders in Singapore and Dubai made the highest bid. May be they are taking a new positions.

5.    MNCs have virtually revealed values on which they can fill in their short positions.

TENDER LINE UP



MMTC/KAKINADA  - 60,000 MT(EAST COAST)



-        AL GHURAIR               -           284.70 – 30 K/ 277 – 25k
-        AVANTI                       -           272.09  - 25 K
-        AGROCORP                 -           285.95  - 50 K
-        EMMSONS                  -           277.40  - 30 K
-        TOEPHER                     -           260.00  - 60 K
-        CARGILL                      -           280.00 – 40 K/282.75 – 30 K
-        STARCOM                   -           268.00 – 25 K

STC/MUNDRA  - 120,000 MT(WEST COAST)

-        AMIRA                         -           282.00 -  30 K 
-        AGROCORP                 -           280.00 -  50 K
-        LOUIS DREFUS             -           278.28 -  30 K
-        EMMSONS                  -           278.01 -  30 K
-        AGRI COMMODITIES  -           286.20 -  30 K
-        AL GHURAIR               -           285.85 -  30 K
-        PROMISING INTL.        -           279.75 -  30 K

PEC/KANDLA  - 90,000 MT (WEST COAST)

-        CARGILL                      -           280.00  – 40 K
-        LOUIS DREFUS             -           276.12  - 30  K
-        CONCORDIA                -           280.26  - 30 K
-        AL GHURAIR               -           284.70  - 30 K
-        EMMSONS                  -           278.01  - 40 K
-        STARCOM                   -           268.00  - 30 K


PEC / KRISHNAPATNAM – 70,000 MT(EAST COAST)

-                  AMIRA FOODS  - 70 K  284.70
-                  AGRI COMMODITIES – 30 K 289.90
-                  CARGILL – 30 K 279.75
-                  VITOL – 30 K 273.10


1 comment:

  1. Sir ji
    This tender has been short coverings purchases by ETG / ALG / Agrocorp
    KAKINADA
    Agrocorp from Kakinada is going to supply to Ismile Foods vide their third tender. Incase if Ismile does not perform in this tender and PBG gets en cashed than he will be bared from participation in tenders.

    KRISHNAPATNAM
    ETG is short for Bangladesh and will fulfill their commitment of 50k from KPTM as they have to complete it by 27/12/2013

    KANDLA
    AL GURAIR - self consumer

    MUNDRA -
    ETG either back up for PROMISE pending cargo for Ethiopia or to ETG home country MOZAMBIQUE to their milling unit.

    AL GURAIR will prefer to sell their BLACK SEA origination and have covered frm here for their DUBAI unit..

    NEXT TENDER - it will be BANGLADESH shorts from VIZAG / CHENNAI

    PIPAVA - it will be for DJBOUTI recent tender which is suiting their requirement DECEMBER / JANUARY shipment.

    KANDLA / MUNDRA - next tender it will be MID STAR / IFFCO for their own units.

    ReplyDelete