Egypt's GASC buys 415,000 tonnes of Russian wheat in tender

GASC had been seeking an unspecified quantity of wheat for shipment October 1-10

  
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 Thursday that it bought 415,000 tonnes of Russian wheat in an international purchase tender.

GASC had been seeking an unspecified quantity of wheat for shipment Oct. 1-10.

Traders gave the following breakdown of the purchase in dollars per tonne: Supplier Quantity Origin FOB Freight C&F GTCS 55,000 Russian $206.30 $15.68 $221.98 Solaris 60,000 Russian $206.48 $15.95 $222.43 Solaris 60,000 Russian $206.48 $15.95 $222.43 Solaris 60,000 Russian $206.48 $15.95 $222.43 Posco 60,000 Russian $206.95 $15.95 $222.90 Gemcorp 60,000 Russian $207.00 $15.95 $222.95 Grain 60,000 Russian $207.38 $15.95 $223.33 Export

(Reporting by Maha El Dahan in Dubai, Michael Hogan in Hamburg and Nadine Awadalla in Cairo; Editing by Chris Reese) ((Nadine.Awadalla@thomsonreuters.com;))

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