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Egypt's GASC believed to have made wheat purchase in private talks -traders

Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), is believed to have made a wheat purchase in private talks on Tuesday
11.10.23 | Source: nasdaq

Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), is believed to have made a wheat purchase in private talks on Tuesday, several traders told Reuters.


One trader estimated a purchase of 500,000 tons of wheat, and a second trader gave a higher estimate of around a million tons.


The wheat is believed to be of Russian origin with shipment expected in November and December, the traders told Reuters.


GASC did not immediately respond to a request for comment.

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