Egypt buys Russian wheat

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 Thursday. The wheat was purchased at $190.07 a tonne cost and freight, Mamdouh Abdel Fattah, vice chairman of GASC, said. Traders gave the breakdown of the purchase as $180.47 a tonne on a free-on-board basis and $9.60 a tonne freight from National Navigation. Olam's offer was the lowest in the tender, in which Ukraine, Romanian and French wheat were also bid.