Adds background and tender particulars
CAIRO, July 30 (Reuters) – Egypt’s Basic Authority for Provide Commodities (GASC) tendered on Friday to purchase an unspecified quantity of wheat from international suppliers for cargo from Sept. 24-Oct. four for cost utilizing 180-day letters of credit score.
GASC Vice Chairman Ahmed Youssef stated the authority was in search of to purchase cargoes of sentimental and/or milling wheat from the USA, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania, Bulgaria, Hungary, Paraguay and Serbia.
Tenders ought to attain GASC by midday (1000 GMT) on Monday. The outcomes ought to come out after 3:30 p.m. (1330 GMT) on the identical day.
At its final tender on July 27, GASC bougt 180,000 tonnes of wheat of which 120,000 had been Ukrainian and 60,000 had been Romanian.
For the present tender, GASC is in search of to purchase 55,000- to 60,000-tonne cargoes of the next:
U.S. North Pacific comfortable white wheat;
U.S. arduous crimson winter wheat;
U.S. comfortable crimson winter wheat;
Russian milling wheat;
Ukrainian milling wheat, and
Australian normal white wheat.
GASC can also be in search of 60,000-tonne cargoes of the next:
Canadian comfortable wheat;
French milling wheat;
German milling wheat;
Argentine bread wheat;
Polish milling wheat;
Kazakh milling wheat;
Romanian milling wheat;
Bulgarian milling wheat;
Serbian milling wheat;
Hungarian milling wheat, and
Paraguayan milling wheat.
(Reporting by Nadine Awadalla; enhancing by Diane Craft and Marguerita Choy)
(([email protected];))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.