ABU DHABI: Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC), has bought 230,000 tonnes of Ukrainian, Russian and French wheat in a tender for Oct. 21-31 shipment, it said on Friday.
Egypt, one of the world’s biggest importers of wheat, bought 55,000 tonnes of Ukranian wheat from Venus, 55,000 tonnes of Russian wheat from Glencore, 60,000 tonnes of Russian wheat from Olam and 60,000 tonnes of French wheat from Soufflet, GASC Vice-Chairman Mamdouh Abdel Fattah said.
GASC bought the wheat at an average price of $191 a tonne cost and freight, he said.
Traders gave the following breakdown of the purchase: -55,000 tonnes of Ukranian wheat from Venus at $174.95 a tonne free-on-board (fob) and $13.45 a tonne freight from Venus -55,000 tonnes of Russian wheat from Glencore at $182.80 a tonne fob and $9.70 a tonne freight from National Navigation -60,000 tonnes of Russian wheat from Olam at $183.95 a tonne fob and $8.55 a tonne freight from National Navigation -60,000 tonnes of French wheat from Soufflet at $177.74 a tonne fob and $15.63 a tonne freight from National Navigation.
