Romanian wheat offered lowest at Egypt's GASC tender

CAIRO: An Egyptian state purchase tender for wheat attracted a lowest offer of $196.96 per tonne for 60,000 tonnes of Romanian wheat, traders said on Tuesday.

The offer was presented by CHS.

Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), said on Monday it was seeking an unspecified quantity of wheat for shipment Aug. 2-12.

Tuesday's tender is the first one in Egypt's 2019-2020 financial year, which began on July 1.

After adjusting its acceptable grade for wheat from Ukraine in June, GASC reverted to accepting grade number 3 or higher for this tender, traders said.

The results are expected later on Tuesday.