GASC gets offers from 11 suppliers at wheat tender: traders

CAIRO - 3 October 2017: Egypt’s state grain buyer GASC received offers from 11 suppliers at its wheat tender on Tuesday, a jump from its previous tender when suppliers stayed away amid a simmering trade row over tough inspections.

The lowest offer was at $197.95 a tonne free-on-board for 60,000 tonnes of Russian wheat, traders said.

The world’s largest wheat buyer saw the number of bids dip to just six at its last tender on Sept. 19 and premiums on offers rose after two cargoes were halted for containing poppy seeds and sent to the public prosecutor.

A final decision on whether the cargoes, one French and one Romanian, will be re-exported has yet to be announced.

Egypt is seeking cargoes for shipment Nov. 5-15. Results were due later on Tuesday.