UPDATE 1-Egypt\’s GASC seeks wheat for Oct. 21-31 shipment – RTRS | News | Thomson Reuters Eikon 9/19/2014

UPDATE 1-Egypt’s GASC seeks wheat for Oct. 21-31 shipment – RTRS

19-Sep-2014 14:57

(Adds tender details and background)

CHICAGO, Sept 19 (Reuters) – Egypt’s General Authority for Supply Commodities (GASC) set a tender on Friday to buy an unspecified amount of wheat from global suppliers for shipment from Oct. 21 to 31.

Mamdouh Abdel Fattah, vice chairman of GASC, the country’s main wheat buying agency and one of the world’s biggest state importers of wheat, is seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine and Romania.

Tenders should reach GASC by noon local time (1000 GMT) on Saturday and the results should come out after 3:30 p.m. on the same day. Wheat bids should be free-on-board, with a separate freight offer.

In its last international wheat purchase on Sept. 16, GASC bought 180,000 tonnes of French wheat for shipment Oct. 11-20. (Full Story)

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

 

  • U.S. North Pacific soft white wheat
  • U.S. soft red winter wheat
  • Russian milling wheat
  • Ukrainian milling wheat
  • Australian standard white wheat

 

It 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

 

(Reporting by Maha El Dahan in Abu Dhabi, writing by Julie Ingwersen in Chicago; Editing by Meredith Mazzilli) ((Julie.ingwersen@thomsonreuters.com; 1-312-408-8710; Reuters Messaging: julie.ingwersen.thomsonreuters.com@reuters.net))

 

Keywords: WHEAT EGYPT/TENDER

 

nL1N0RK275

 

This entry was posted in Breaking News, Daily Market News, Grains, Managed Futures News. Bookmark the permalink.

Leave a Reply