Egypt’s GASC says buys 60,000 tonnes of Russian wheat

Parvez Jabri July 17, 2019

DUBAI: Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC), said it bought 60,000 tonnes of Russian wheat in a tender on Wednesday.

GASC did not give further details.

Traders said GASC paid $215.54 per tonne, including cost and freight (C&F), for the wheat, comprising $201.35 on a free-on-board (FOB) basis and $14.19 for freight.

GASC had earlier received offers of Russian, Ukrainian and Romanian wheat in the tender, which sought supplies for Aug. 21-31 shipment.

Copyright Reuters, 2019

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