Lowest offer at Egypt GASC tender at $192/T for 55,000 T Russian wheat

CAIRO: The lowest offer presented at Egypt's state grain buyer's GASC wheat tender on Tuesday was for 55,000 tonnes of Russian wheat at $192.00 a tonne, on a free-on-board (FOB) basis, traders said.

The offer came following a meeting with suppliers who initially made zero bids because of a disagreement over outstanding demurrage payments.

GASC is due to announce the results of its international purchasing tender later on Tuesday. The world's largest buyer is seeking the grain for shipment Feb. 11-20.