Egypt’s General Authority for Supply Commodities (GASC) has signed contracts to import 240,000 tonnes of wheat.
The authority purchased 180,000 tons of wheat from Romania and 60,000 tons from Ukraine.
The lowest offer presented at an Egyptian state tender for wheat was at $198.77 a tonne free-on-board for 60,000 tonnes of Ukrainian wheat, traders said on Tuesday.
The offer was presented by Louis Dreyfus.
The wheat shipments will arrive on August 10-20, the authority said in a statement on Tuesday.
The move is part of the authority’s efforts to augment the country’s wheat stock, it noted.
Source: MENA & Reuters