Egypt's Sisi discusses development projects with ministers    France reports 10,569 new daily COVID-19 cases    Protesters say localised lockdowns in Madrid discriminate against poor    Son Heung-min, Harry Kane shine as Tottenham beat Southampton in England    Italians vote in regional elections, referendum in test for coalition    Turkey may resume talks with Greece, warns against EU sanctions    'Political paralysis': Lebanese patriarch points at Shia leaders for cabinet delay    Virtual Emmy Awards set bar high with live telecast    Manchester United need better defenders to win Premier League, says Neville    Bale return will give Tottenham massive boost, says Murphy    Nile water levels continue to decline in Sudan after devastating floods: Ministry    Egypt's nominee is out of the race for WTO director-general    Cairo Ring Road to be expanded from 8 lanes to 14: Transport minister    Giza Plateau official denies rumours two highways are under construction at archaeological site    Kuwaiti NBK to launch Meeza prepaid cards in Egyptian market    Egypt's NEA announces results of Senate election run-offs    Climate theories on Sudan    Egypt's culture minister receives UNESCO registration of the Palm on List of Human Heritage    Egyptian insurance companies' premiums 9.6% up in five months    Egypt's President Sisi names new head of anti-corruption watchdog    Egypt's c.bank offers 18 bln pounds T-bills on Sunday    EgyptAir offering discounts for some international flights    Egypt records 212 new coronavirus cases, 14 deaths on Saturday    Egypt to require PCR coronavirus tests for airport travelers    Egypt sends 125 tonnes of glass by sea to Beirut    Legend Messi officially wants to leave Barcelona, hands transfer request    Global smartphone sales drop 20% in Q2, yet Apple's iPhone sales steady    Sisi: Egypt keen on establishing development projects with Iraq, Jordan    Egyptian megastar Amr Diab releases new hit music video    Making of Harry Potter will be available for fans at new park in Tokyo    Egypt's Senate elections official results to be announced Wednesday    Netflix Egypt is bringing megastar Amr Diab back with a new original    Egypt reopens Rafah border crossing for first time since April    Egypt's senate elections 2020 trending on social media in few days    African Champions League final will be played on Oct. 16-17, CAF says    No room to delay Egyptian Premier League games – EFA's board member    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







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





Egypt seeks wheat after Russia's drought
Published in The Egyptian Gazette on 31 - 07 - 2010

CAIRO- Egypt's main government wheat buyer issued an international wheat tender on Friday amid a severe drought in the Black Sea region, which has slashed production there and sent global prices soaring this month.
Wheat traders will be eagerly awaiting results of the tender, including information on origins and prices offered, to provide a glimpse into the minds of major sellers of wheat and the world's top importer.
Egypt's General Authority for Supply Commodities (GASC) said it wanted to buy cargoes of 60,000 tonnes of optional-origin wheat for shipment August 21-31.
Tenders should reach by noon local time (0900 GMT) on Saturday and the results should come out around (1330 GMT) on the same day, GASC said. Wheat bids should be free-on-board, with a separate freight offer.
Nomani Nomani, vice chairman of GASC, said he was seeking cargoes of US North Pacific soft white wheat, US hard red wheat, US soft red winter wheat, and/or Canadian soft wheat.
GASC was also seeking cargoes French milling wheat, Australian standard white wheat, Australian hard wheat, German milling wheat, Argentine bread wheat, Russian milling wheat, Kazakhstan milling wheat, Romanian wheat and/or UK milling wheat (ukp or uks variety).
The worst drought in decades in the Black Sea region has slashed wheat production in Ukraine, Kazakhstan and Russia, the region's top producer and exporter.
GASC has purchased at least one cargo of Russian wheat in each of its tenders going back to October 2009.
In its latest international purchase on July 20, GASC bought 120,000 tonnes of Russian wheat for shipment Aug 11-20.
Persistent speculation that Russia could curb exports helped to send global wheat prices soaring this month, despite a denial by the country that it was considering such a move.
US wheat futures posted a fresh 13-month high on Friday, closing July with the biggest monthly gains since 1959. Euronext November wheat futures rose 35 per cent in July to the highest level for a lead contract since fall 2008.


Clic here to read the story from its source.