Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt''s GASC buys 180,000 tons US wheat
Published in Almasry Alyoum on 16 - 02 - 2012

Egypt, the world's largest wheat importer, has bought 180,000 tons of US soft red winter wheat for 11-20 April shipment on a free on board basis, the main government wheat buyer said on Thursday.
Nomani Nomani, vice chairman of the General Authority for Supply Commodities (GASC), gave the following breakdown of the purchases:
— 60,000 tons of US soft red winter wheat from Venus at US$259 per ton with freight costs of $26.99 per ton
— 120,000 tons of US soft red winter wheat from Bunge at $259 per ton with freight costs of $26.99 per ton
This is GASC's second straight purchase of US wheat in less than a week. Russian wheat was not offered among bids.
Nomani said US wheat offered today was better priced and added he wanted US soft white wheat as well as Australian wheat to also be offered in future Egyptian tenders.
"Russian wheat offers were absent today probably due to export problems ... and it is an indication that they (the Russians) have reached their exports target," Nomani said.
Russian wheat exporters failed to win any business in Egypt's tender on 11 February and are gradually being priced out of the export market, analysts and producers said.
Since the start of the 2011/12 fiscal year on 1 July 2011, GASC's purchases have been dominated by Black Sea origin wheat.
GASC has purchased 3.24 million tons of Russian wheat, 180,000 tons of Romanian wheat, 360,000 tons of Ukrainian wheat, 60,000 tons of Russian, Ukraine or Kazakh wheat at the seller's option and 60,000 tons of Russian or Kazakh wheat at the seller's option since the beginning of July.
It also bought 300,000 tons of French wheat and 240,000 tons of Argentine wheat as well as 235,000 tons of US soft red winter wheat.
In the fiscal year that ended on 30 June 2011, GASC purchased some 5.58 million tons of French, US, Canadian, Australian and Argentine wheat.


Clic here to read the story from its source.