Private Egyptian buyers purchase 60,000 T Black Sea wheat: trade

HAMBURG: Private Egyptian buyers in the past week purchased about 60,000 tonnes of wheat from the Black Sea region, all for August shipment, European traders said on Monday.

Some 30,000 tonnes with 12.5 percent protein content was purchased at $257 a tonne c&f and a further 30,000 tonnes with 11.5 percent protein content was purchased at $247 a tonne c&f, traders said.

Benchmark Chicago wheat touched four-year lows in the last week, pressured by expectations of rising global inventories as large crops loom and creating buying opportunities for importers.