Egypt's GASC buys 120,000 tonnes Russian wheat

Friday 21-10-2016 AM 10:45
Egypt's GASC buys 120,000 tonnes Russian wheat

A son of farmer carries freshly harvested wheat in a field in Qaha, El-Kalubia governorate, northeast of Cairo, Egypt May 5, 2016. REUTERS/Amr Abdallah Dalsh

By: Reuters

ABU DHABI, Oct 20 (Reuters) - Egypt's state grain buyer GASC said on Thursday it bought 120,000 tonnes of Russian wheat in a tender.

The wheat was purchased at the average price of $179.70 a tonne free-on-board (FOB), GASC said.

Traders gave the following breakdown of the purchase:

-60,000 tonnes of Russian wheat from Cargill at $179.55 a tonne FOB and $9.74 a tonne freight equating to $189.29 a tonne cost and freight (C&F)

-60,000 tonnes of Russian wheat from ECTP at $179.85 a tonne FOB and $9.74 a tonne freight equating to $189.59 a tonne C&F

For a full list of offers made in the tender click nL8N1CQ4MH (Reporting by Maha El Dahan; Editing by Alexandra Hudson)

Designed and Developed by Whalesys