Egypt's GASC buys 55,000 tonnes of US wheat

Reuters, Saturday 20 Sep 2014

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Saturday it had bought 55,000 tonnes of U.S. soft red winter wheat in a tender for shipment October 21-31.

The wheat was purchased from Ameropa at the price of 244.22 a tonne, on a cost and freight basis, GASC Vice Chairman Mamdouh Abdel Fattah said.

Traders said the free-on-board price was $222.22 a tonne and the freight was $22 a tonne.

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