Egypt’s grain buyer GASC purchases 120,000 T Russian wheat

Egypt’s state grain buyer General Authority For Supply Commodities (GASC) said on Thursday it bought 120,000 tonnes of Russian wheat in a tender.

The wheat was purchased at the average price of $179.70 a tonne free-on-board (FOB), GASC said.

Traders gave the following breakdown of the purchase:

-60,000 tonnes of Russian wheat from Cargill at $179.55 a tonne FOB and $9.74 a tonne freight equating to $189.29 a tonne cost and freight (C&F)

-60,000 tonnes of Russian wheat from ECTP at $179.85 a tonne FOB and $9.74 a tonne freight equating to $189.59 a tonne C&F.

Source: Reuters