CAIRO- The lowest offer presented on Tuesday at an Egyptian state purchase tender for wheat was $242.00 per tonne for 55,000 tonnes of Russian grain, traders said.

The offer was presented by GTCS.

Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) is seeking an unspecified quantity of wheat for shipment Nov. 21-30 with payment using letters of credit that guarantee payment within 180 days.

No purchase has yet been made but results are expected later on Tuesday.

(Reporting by Nadine Awadalla in Cairo, Maha El Dahan in Dubai and Michael Hogan in Hamburg; editing by Jason Neely and David Evans) ((Nadine.Awadalla@thomsonreuters.com;))