Egypt's GASC buys 470,000 T wheat in tender

GASC said the purchase was comprised of 350,000 tonnes of Russian wheat and 120,000 tonnes of Ukraine wheat

  
A farmer shows wheat grains after harvesting it from a field in the Gharbia Governorate, as Egypt ramps up efforts to slow the spread of the coronavirus disease (COVID-19), Egypt May 14, 2020.

A farmer shows wheat grains after harvesting it from a field in the Gharbia Governorate, as Egypt ramps up efforts to slow the spread of the coronavirus disease (COVID-19), Egypt May 14, 2020.

REUTERS/Mohamed Abd El Ghan

CAIRO - Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) said on Tuesday it bought 470,000 tonnes of wheat for shipment Sept. 1-10.

GASC said the purchase was comprised of 350,000 tonnes of Russian wheat and 120,000 tonnes of Ukraine wheat.

Traders gave the following breakdown of the purchase in dollars per tonne:

Supplier Quantity Origin Price Freight C&F Solaris 60,000 Russian $215.10 $12.95 $228.05 Solaris 60,000 Russian $215.10 $12.95 $228.05 Posco 60,000 Russian $215.10 $12.95 $228.05 Nibulon 60,000 Ukrainian $217.50 $11.37 $228.87 Solaris 55,000 Russian $215.10 $13.90 $229.00 GTCS 55,000 Russian $215.10 $13.95 $229.05 LDC 60,000 Ukrainian $215.12 $13.75 $228.87 Grain 60,000 Russian $215.10 $12.95 $228.05 Export

(Reporting by Maha El Dahan in Dubai and Nadine Awadalla in Cairo; Editing by Edmund Blair) ((Nadine.Awadalla@thomsonreuters.com;))

More From Commodities