Markets

Egypt's GASC says seeks wheat for Oct. 15-25 shipment

Published September 15, 2016 Updated September 15, 2016 08:26pm

ABU DHABI: Egypt's General Authority for Supply Commodities (GASC) set a tender on Thursday to buy an unspecified amount of wheat from global suppliers for shipment from Oct. 15-25.

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 local time (1000 GMT) on Friday.

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