Egypt GASC seeks wheat for Aug 1-10 shipment

ABU DHABI: Egypt's General Authority for Supply Commodities (GASC) set a tender on Friday to buy an unspecified amount of wheat from global suppliers for shipment from August 1 to 10.

Mamdouh Abdel Fattah, vice chairman of GASC, the country's main wheat buying agency and one of the world's biggest state importers of wheat, 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 Saturday and the results should come out after 3:30 p.m. on the same day. Wheat bids should be free-on-board, with a separate freight offer.