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Egypt's GASC says seeking wheat in tender for Sept 24-Oct 4 shipment

Credit: REUTERS/MOHAMED ABD EL GHANY

Egypt's General Authority for Supply Commodities (GASC) tendered on Friday to buy an unspecified amount of wheat from global suppliers for shipment from Sept. 24-Oct. 4 for payment using 180-day letters of credit.

Adds background and tender details

CAIRO, July 30 (Reuters) - Egypt's General Authority for Supply Commodities (GASC) tendered on Friday to buy an unspecified amount of wheat from global suppliers for shipment from Sept. 24-Oct. 4 for payment using 180-day letters of credit.

GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania, Bulgaria, Hungary, Paraguay and Serbia.

Tenders should reach GASC by noon (1000 GMT) on Monday. The results should come out after 3:30 p.m. (1330 GMT) on the same day.

At its last tender on July 27, GASC bougt 180,000 tonnes of wheat of which 120,000 were Ukrainian and 60,000 were Romanian.

For the current tender, GASC is seeking to buy 55,000- to 60,000-tonne cargoes of the following:

U.S. North Pacific soft white wheat;

U.S. hard red winter wheat;

U.S. soft red winter wheat;

Russian milling wheat;

Ukrainian milling wheat, and

Australian standard white wheat.

GASC is also seeking 60,000-tonne cargoes of the following:

Canadian soft wheat;

French milling wheat;

German milling wheat;

Argentine bread wheat;

Polish milling wheat;

Kazakh milling wheat;

Romanian milling wheat;

Bulgarian milling wheat;

Serbian milling wheat;

Hungarian milling wheat, and

Paraguayan milling wheat.

(Reporting by Nadine Awadalla; editing by Diane Craft and Marguerita Choy)

((Nadine.Awadalla@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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