ABU DHABI/CAIRO: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Tuesday it bought 180,000 tonnes of wheat in a tender.
Of the total, 120,000 tonnes were Russian and 60,000 tonnes were from Ukraine, vice chairman Ahmed Youssef said.
The wheat, which is for shipment August 10-20, was purchased at an average price of $173.03 a tonne cost and freight, he said.
Traders gave the following breakdown of the purchase:
-60,000 tonnes of Ukraine wheat from Louis Dreyfus at the price of $161.84 a tonne free-on-board (FOB) and $10.35 a tonne freight equating to $172.19 a tonne cost and freight (C&F)
-60,000 tonnes of Russian wheat from Louis Dreyfus at $164.24 a tonne FOB and $9.18 a tonne freight equating to $173.42 a tonne C&F
-60,000 tonnes of Russian wheat from Aston at $164.30 a tonne FOB and $9.18 a tonne freight equating to $173.48 a tone C&F
The purchase is the first of the financial year 2016/2017 which started July 1.
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