11.
08.20
07:44

Egypt is again looking for wheat on the world market

The Egyptian grain buyer GASC issued a tender on Monday to buy an unspecified amount of common or milling wheat. The loads must take place between September 25th and October 5th.
The offers should be available by this afternoon. The results will be announced later that evening.
The GASC announces that it will pay for this wheat “on sight”. That means, as soon as all documents are available, payment is made immediately. Previously, it was customary to pay 180 days after delivery.
The last tender on August 5th went to Russia (120,000 tons) and Ukraine (290,000 tons).

Source
Hansa Terminhandel GmbH
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