KIEV: Egypt’s General Authority for Supply Commodities (GASC) has bought 60,000 tonnes of Ukrainian milling wheat at a tender at the price of $199.30 per tonne with delivery in the period from November 1 to November 10.
GASC said on its website that Egypt also bought 175,000 tonnes of Russian milling wheat: 60,000 tonnes at $200.25 per tonne, 60,000 tonnes at the price of $199.44 per tonne and 55,000 tonnes of at $199.95 per tonne.
President of Tallage (France) Andree Defois earlier said that EU countries this agricultural year (July 2015-June 2016) would cut wheat exports by 5.9 million tonnes, to 26.8 million tonnes compared to 32.7 million tonnes.
She said that one of the key reasons in reduction of supplies is toughening of competition by Russia and Ukraine. She said that wheat exports to Egypt this year would fall to 2.8 million tonnes from 4.4 million tonnes in the previous year.
Grain exports from Ukraine in the 2014/2015 agricultural year, according to preliminary data, amounted to 34.805 million tonnes, including corn in the amount of 18.837 million tonnes. Some 11.234 million tonnes of wheat, 4.46 million tonnes of barley and 280,000 tonnes of other grains were supplied to foreign markets.
