Egypt's GASC buys 240k of Russian, Romanian wheat, at $351.61/mt CFR

Egypt's state grain importer picked up 240,000 mt of Russian and Romanian wheat paying $320.51/mt FOB and $351.61/mt CFR on average for second half of November shipment.

The General Authority for Supply Commodities (GASC) booked three 60,000 mt Russian wheat cargoes paying $320.69/mt FOB Novorossiysk and $351.99/mt CFR to Solaris.

Cargill also secured one Romanian wheat cargo at $319.97/mt FOB Constanta and $350.47/mt CFR.

The shipment is expected during November 11-20 period.

At its previous tender, which closed September 8, Egypt booked 300,000 mt of Ukrainian and Russian wheat for October 25-November 3 shipment paying $313/mt FOB and $344.93/mt CFR.

Egypt is the world’s biggest wheat importer and is expected to import 13 million mt in the 2021/22 marketing year, according to USDA data.

Details of previous GASC buying can be found on the Tender Dashboard.