Russian wheat offered lowest at Egypt's GASC tender at $196.86/T

19 Jun, 2019

The offer was presented by Glencore.

Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), said on Tuesday it was seeking an unspecified quantity of wheat for shipment on July 22-31.

An offer for Ukrainian wheat presented by Louis Dreyfus was disqualified because it did not meet the tender specifications.

GASC adjusted its acceptable grade for wheat from Ukraine last week after the country introduced new standards for the grain.

At its most recent wheat tender on June 11, GASC bought 120,000 tonnes of Russian and Romanian wheat for shipment on July 11-21.

The results are expected later on Wednesda.

Copyright Reuters, 2019

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