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Egypt's GASC seeks wheat for Oct 1-10 shipment

State grains buyer will announce the result of its latest overseas procurement bids on Saturday

Reuters, Saturday 25 Aug 2012
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The Egyptian state's main wheat buying agency, the General Authority for Supply Commodities (GASC), on Friday set a tender to buy an unspecified amount of wheat from global suppliers for Oct. 1-10 shipment.

It was the third international wheat tender by GASC in two weeks as the world's top wheat importing nation moved to secure supplies amid rising concerns about weather-shortened crops in key exporting nations including Russia and Australia.

Nomani Nomani, vice chairman of GASC, one of the world's biggest state importers of wheat, is seeking to buy 55,000- to 60,000-tonne cargoes of the following:

* U.S. North Pacific soft white wheat

* Ukrainian milling wheat 60,000-tonne cargoes of the following:

* U.S. soft red winter wheat

* Canadian soft wheat

* French milling wheat

* Australian standard white wheat

* German milling wheat

* Argentine bread wheat

* Polish milling wheat

* Russian milling wheat

* Kazakh milling wheat

* Romanian milling wheat

Tenders should reach GASC by noon on Saturday and the results should come out around on the same day. Wheat bids should be free-on-board, with a separate freight offer.

In a bid to encourage more offers from landlocked Kazakhstan, Nomani said that if he purchases wheat of Kazakh or Russian origin at the seller's option or Kazakh or Ukrainian origin at the seller's option, specifications for Kazakh wheat would apply to the whole cargo.

In its last international wheat purchase on 14 August, GASC bought 120,000 tonnes of Russian and Ukrainian wheat for 21-30 September shipment.

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