This order takes the revenue of the three companies from wheat exports to Egypt to $228.6 million in the last seven months, ZF has calculated.
Toepfer sold 60,000 tons of Romanian wheat for $315.83 per ton, Bunge sold 60,000 tons for $316.2 per ton and Cargill 60,000 tons for $317.27 per ton, according to the Egyptian authorities.
Alfred Toepfer made most money from deliveries of Romanian wheat to Egypt in the last seven months, $128.4 million, while Bunge got $81.1 million. Cargill got its first contract to sell to Egypt at the first tender of 2014, worth $19 million.
In all, traders selling Romanian wheat to Egypt signed $358 million contracts. Besides the three American traders, the list also includes Swiss-owned Ameropa and Glencore, France’s Invivo and Saudi Arabia’s al-Alamyia. No Romanian-owned business has won a tender to sell wheat to Egypt so far.
The North-African country has bought 1.3 million tons of Romanian wheat in the last seven months, two thirds of which supplied by the US-owned traders.
Romania’s wheat exports stood at EUR468.3 million (2.46 million tons) in July-October of 2013, up 87% in value on the year-ago period.
Egypt launched its largest wheat order in three years on January 2, about 535,000 tons worth some $170 million.
This order showed Romanian wheat remained competitive, despite a report of the United States Department Agriculture and European analysts saying at the end of last year it will not be able to remain so in the second half of the 2013/2014 season due to the decline in stocks.
(English version by Loredana Fratila-Cristescu)