Egypt gets fewer offers in wheat tender

20 Sep 2017

(MENAFN) Egypt’s state grain buyer GASC delievred fewer offers and was quoted higher prices in a wheat tender, as traders held back because of a dispute over two blocked import cargoes.

The firm received bids from six suppliers, down from the 15 that normally bid to the globe’s largest wheat buyer.

Additionally, one Cairo-based trader proclaimed that prices offered involved a risk premium of between USD4 and USD11 a ton.



More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on as a development site.