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Markets

Egypt's GASC seeks wheat for Feb. 20-March 1 shipment

Published Updated

imageABU DHABI: Egypt's General Authority for Supply Commodities (GASC) set a tender on Wednesday to buy an unspecified amount of wheat from global suppliers for shipment from Feb. 20 to March 1.

Mamdouh Abdel Fattah, vice chairman of GASC, is seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine and Romania. Tenders should reach GASC by noon local time (1000 GMT) on Thursday.

The results should come out after 3:30 p.m. local time on the same day. Wheat bids should be free-on-board, with a separate freight offer.

At its last international wheat tender on Dec. 23, GASC bought 120,000 tonnes of Argentine wheat for Jan. 21 to 31.-

Copyright Reuters, 2016

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