|15 August, 2019

Egypt’s GASC buys 295,000 T Russian and Ukrainian wheat in tender

GASC said the purchase was comprised of 175,000 tonnes of Russian wheat and 120,000 tonnes of Ukrainian wheat

Image used for illustrative purpose. A farmer displays wheat grains at a field in the Beheira Governorate, Egypt May 3, 2018.

Image used for illustrative purpose. A farmer displays wheat grains at a field in the Beheira Governorate, Egypt May 3, 2018.

REUTERS/Mohamed Abd El Ghany

CAIRO  - Egypt's state grains buyer, the General Authority for Supply Commodities, said it bought 295,000 tonnes of wheat on Thursday at an international purchase tender for the grain.

GASC said the purchase was comprised of 175,000 tonnes of Russian wheat and 120,000 tonnes of Ukrainian wheat.

The state buyer had been seeking an unspecified quantity of wheat for shipment Sept. 15-30.

At its last wheat tender on Aug. 6, GASC bought 415,000 tonnes of wheat.

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

* Solaris: 60,000 tonnes of Russian wheat at $202.48 and $14.71 freight equating to $217.19

* Hakan: 60,000 tonnes of Russian wheat at $202.48 and $14.71 freight equating to $217.19

* Hakan: 60,000 tonnes of Ukrainian wheat at $199.75 and $18.25 freight equating to $218.00

* Louis Dreyfus: 60,000 tonnes of Ukrainian wheat at $199.75 and $18.25 freight equating to $218.00

* ADM: 55,000 tonnes of Russian wheat at $200.90 and $18.00 freight equating to $218.90

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

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