Egypt’s GASC gets offers in wheat bids for Sept. shipment – traders

Egypt’s General Authority for Supply Commodities (GASC) on Wednesday received offers for wheat in an international purchase tender with two shipment periods in September, traders said.

The state-owned grains buyer GASC said it was seeking an unspecified quantity of wheat for shipment Sept. 11-20 and Sept 21-30 with payment using a 180-day credit facility.

The lowest offer presented was by Solaris at $212.10 for 60,000 tonnes of Russian grain for either shipment period.

No purchase has yet been made and the tender results are expected later on Wednesday.