Egypt buys wheat

Egypt's main official wheat buyer said on Saturday he had bought 120,000 tonnes of soft white standard wheat from the Australian Wheat Board for July 1-31 shipment. Mahmoud Abdel-Hamid, vice chairman of the General Authority for Supply Commodities (GASC), told Reuters he had paid $142.30/tonne FOB for the wheat.
Since the start of Egypt's financial year on July 1, GASC has bought at least 5.34 million tonnes of wheat, mainly through international tender.