Egypt issued another wheat tender

26.08.2016

Today, on August 26, GASC issued sixth milling wheat tender of this season for shipment during September 26 – October 30, 2016.

Last tender, announced on August 23, was cancelled. Even the lowest offer prices were $5-10 higher than at the previous tender, held on August, 02. On August, 02 Egypt purchased 60 KMT of Russian grain to be shipped during September 11-20, 2016. The price of purchase was $177.09/MT C&F.

It should be noted, that Egypt decided to issue the tender amid decreasing CBOT wheat prices, which have lost 5.8% w/w.

More detailed information on tenders is available to subscribers for weekly market report "Black Sea Grain & Oil" by UkrAgroConsult.

 

 

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