Markets

Egypt's GASC says seeks wheat for Sept. 11-20 shipment

Published August 1, 2016 Updated August 1, 2016 10:11pm

ABU DHABI: Egypt's General Authority for Supply Commodities (GASC) set a tender on Monday to buy an unspecified amount of wheat from global suppliers for shipment from Sept. 11-20.

Ahmed Youssef, vice chairman of GASC, said the authority is seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania and Bulgaria.

Tenders should reach GASC by noon (1000 GMT) on Tuesday. 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.

Copyright Reuters, 2016