FINANCIAL NEWS

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.

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MENAFN2009201700450000ID1095878634

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