The buyers of the Egyptian State grain dealer GASC received offers on Saturday from twelve trading houses for the second import invitation to tender for the purchase of wheat. A great uncertainty about the amount of reserves in Egypt, the world's largest wheat importer currently.
The lowest offer was 166,9 USD/tonne fob for Romanian wheat. Should the delivery of a still unknown wheat narrow during the period from 21 to 30 August be made.
Egypt had made a tremendous wheat intervention program for the purchase of wheat from local agriculture in the last few months. Allegedly, five million tons of wheat to be met here. Market observers doubt that and the Egyptian Parliament has given an inspection of the State warehouses in order. May exist only on the paper stocks.
Also she had placed under quarantine authority the Ministry of agriculture until last week wheat deliveries rejected, showing even small traces of ergot fungi. But now, after the recent statements of the Government, the common international tolerance of 0.05% should apply to ergot stocking.
In the first wheat import tender documents in the new marketing period, wheat from Russia and the Ukraine were bought just before four days of 180,000 tons.
