Egypt books 80,000 tonnes of wheat in World Financial institution-funded tender -traders

Provides particulars

CAIRO, Dec 27 (Reuters) – Egypt’s state grains purchaser, the Common Authority for Provide Commodities (GASC), is believed to have booked 80,000 tonnes of Russian wheat on Tuesday, merchants stated.

The acquisition was comprised of two 40,000 tonne cargoes of Russian wheat at a worth of $339 per tonne on a C&F foundation, merchants added.

The provider is Grain Flower.

GASC has not but made its official announcement of the acquisition.

Some merchants have stated additional approvals is likely to be wanted from the World Financial institution, which is funding purchases from Tuesday’s tender. In addition they added that GASC might guide a further three cargoes from the identical provider within the coming days.

GASC was searching for an unspecified amount of wheat for cargo from Feb. 1-15 from any origin within the tenderbook. The wheat will probably be paid for at sight.

For a full record of presents offered on the tender, click on on

(Reporting by Sarah El Safty and Michael Hogan; Modifying by Chris Reese)

((Sarah.ElSafty@thomsonreuters.com;))

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