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Wednesday, 23 October 2019

Russian wheat offered lowest at Egypt's GASC tender at $196.86/T

Reuters , Thursday 20 Jun 2019
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An Egyptian state tender for wheat attracted a lowest offer of $196.86 per tonne for 55,000 tonnes of Russian wheat, traders said on Wednesday.

The offer was presented by Glencore.

Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), said on Tuesday it was seeking an unspecified quantity of wheat for shipment on 22-31 July.

An offer for Ukrainian wheat presented by Louis Dreyfus was disqualified because it did not meet the tender specifications.

GASC adjusted its acceptable grade for wheat from Ukraine last week after the country introduced new standards for the grain.

At its most recent wheat tender on June 11, GASC bought 120,000 tonnes of Russian and Romanian wheat for shipment on July 11-21.

The results are expected later on Wednesday.

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