CAIRO: Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC), has bought 240,000 tonnes of Russian and Romanian wheat in a tender for Nov. 21-30 shipment, it said.
Egypt, one of the world’s biggest importers of wheat, bought 60,000 tonnes of Russian wheat from Aston, 60,000 tonnes of Russian wheat from Olam and 60,000 tonnes of Russian wheat from Vitol, GASC Vice-Chairman Mamdouh Abdel Fattah said.
GASC also bought 60,000 tonnes of Romanian wheat from Glencore. GASC bought the wheat at an average price of $212.16 a tonne on a cost and freight (C&F) basis, he said.
Traders gave the following breakdown of the purchase:
-60,000 tonnes of Russian wheat from Aston at $201.98 a tonne free on board (FOB) and $9.10 a tonne freight from National Navigation
-60,000 tonnes of Russian wheat from Vitol at $203.50 a tonne FOB and $9.10 a tonne freight from National Navigation
-60,000 tonnes of Russian wheat from Olam at $203.90 a tonne FOB and $8.57 a tonne freight from United Marine
-60,000 tonnes of Romanian wheat from Glencore at $203.45 a tonne FOB and $9.08 a tonne freight from National Navigation
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