GASC buys wheat from Russia, Romania

GASC buys wheat from Russia, Romania
Updated 31 May 2015 02:06
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GASC buys wheat from Russia, Romania

GASC buys wheat from Russia, Romania

ABU DHABI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said it had bought 240,000 tons of Russian and Romanian wheat in a tender for July 1-10 shipment.
Egypt, the world's biggest importer of wheat, bought 60,000 tons of Romanian wheat from Nidera, 120,000 tons of Russian wheat from Union Co. and 60,000 tons of Russian wheat from Vitol, Mamdouh Abdel Fattah, GASC vice-chairman, said.
The wheat was purchased at an average price of $199.28 a ton on a cost-and-freight basis, he said.
Traders also gave the breakdown of the purchase.