Egypt GASC purchased 175,000 tons wheat from
Date:09-03-2014 Number of visits:2824 Font size:T|T
An Egyptian wheat buyer-Genearal Authority for Supply Commodities (GASC)
purchased 175,000 tons Russian and Romanian wheat through this
Tuesday’s bidding; the wheat will be shipped between 21st and 30th
September.
As indicated by Vice president of GASC Mohammed Abdul Al Fatah and
suppliers, the average price for the wheat is USD 258.81/ton including
the freight.
The trade details from the suppliers showed that GASC purchased 60,000
tons Romanian wheat from Invivo, with CNF price USD 257.77/ton; 60,000
tons Russian wheat from Bungay, with CNF price USD 259.29/ton; 55,000
tons Russian wheat from Bungay, with CNF price USD 259.43/ton.
Since the beginning of this year, 1st July, GASC has purchased 1,065,000
tons wheat from international market.
Last month, GASC said that the wheat it held in stock could meet the
demand for 6 months till the end of 2014.
During 2013/2014, Egypt purchased 5,560,000 tons wheat from overseas
market and 3,700,000 tons from local market.
(Editor: HBA)