Egypt's GASC gets offers in wheat purchase tender - trade

The offer was believed to have been submitted by trading house Nibulon

  
A farmer shows rice grains after harvesting them from a field in the province of Al-Sharkia, northeast of Cairo, Egypt, October 15, 2020. Image used for illustrative purpose.

A farmer shows rice grains after harvesting them from a field in the province of Al-Sharkia, northeast of Cairo, Egypt, October 15, 2020. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany

HAMBURG- The lowest offer in the international tender from Egypt's state commodities buyer GASC to buy wheat on Wednesday was believed to be $310.25 a tonne FOB for wheat sourced from Ukraine, traders said in initial assessments.

The offer was believed to have been submitted by trading house Nibulon for 60,000 tonnes.

No purchase has been made and the result is expected later on Wednesday, they said.

The tender sought wheat for shipment between Oct. 25 and Nov. 3 with payment using 180-day letters of credit.

(Reporting by Michael Hogan; Editing by Edmund Blair) ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))


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