Egypt’s GASC seeking wheat for Nov. 21-30 shipment

GASC is seeking to buy 55,000-to-60,000-tonne cargoes

  
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 General Authority for Supply Commodities (GASC) set a tender on Monday to buy an unspecified amount of wheat from global suppliers for shipment Nov. 21-30.

GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania, Bulgaria, Hungary, Paraguay and Serbia.

Tenders should reach GASC by noon (1000 GMT) on Tuesday. The results should come out after 3:30 p.m. (1330 GMT) on the same day. GASC said it will pay for the grain using letters of credit that guarantee payment within 180 days.

GASC is seeking to buy 55,000-to-60,000-tonne cargoes of the following: U.S. North Pacific soft white wheat; U.S. hard red winter wheat; U.S. soft red winter wheat; Russian milling wheat; Ukrainian milling wheat, and Australian standard white wheat.

GASC is also seeking 60,000-tonne cargoes of the following: Canadian soft wheat; French milling wheat; German milling wheat; Argentine bread wheat; Polish milling wheat; Kazakh milling wheat; Romanian milling wheat; Bulgarian milling wheat; Serbian milling wheat; Hungarian milling wheat, and Paraguayan milling wheat.

(Reporting by Maha El Dahan; editing by Philippa Fletcher) ((Nayera.Abdallah@thomsonreuters.com;))

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