Egypt's GASC starts year with fresh wheat tender for Feb shipment

Egypt’s state grain importer is back in the market with an official tender for an additional February shipment of milling wheat, trade sources said Friday.

The General Authority for Supply Commodities (GASC) has issued a fresh tender set to close on January 10 looking for optional origin milling wheat for February 10-25 shipment.

The payment is expected to be at sight again and the purchase was said to be financed by the World Bank.

This comes just a week after GASC booked 200,000 mt of Russian wheat in its previous tender, paying $339/mt CFR for February 1-15 dates.

GASC has already booked 4.1 million mt of wheat for delivery during 2022/23 MY, with almost all the amount booked in direct deals and the total figure slightly up compared to last year’s 3.85 million mt purchased by the same date.