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Egypt's GASC buys 120,000 T Ukrainian wheat

Reuters, Saturday 29 Oct 2011
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Egypt, the world's largest wheat importer, has bought 120,000 tonnes of Ukrainian wheat for Jan. 11-20 shipment , the main government wheat buyer said on Saturday.

Nomani Nomani, vice chairman of the General Authority for Supply Commodities (GASC), gave the following breakdown of the purchases:

-60,000 tonnes of Ukrainian wheat from Toepfer at $247.92 a tonne with freight costs of $16.70 a tonne.

-60,000 tonnes of Ukrainian wheat from Veunus at $249.30 a tonne with freight costs of $16.70 a tonne.

The purchase is GASC's first of Ukrainian wheat after it said on Oct. 22 it would include the origin in its international tenders with the same specifications required of Russian wheat.

Egypt had removed Ukraine from the origins permitted in purchase tenders in late 2008 citing quality issues.

Since the start of the 2011/12 fiscal year on July 1, GASC has purchased 2.46 million tonnes of Russian wheat, 180,000 tonnes of Romanian wheat, 120,000 tonnes of Kazakh wheat and 120,000 tonnes of Ukrainian wheat.

In the fiscal year that ended on June 30, 2011, GASC purchased some 5.58 million tonnes of French, U.S., Canadian, Australian and Argentine wheat.

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