Egyptian Wheat Trade - As Bent As A Nine Bob Note
Egypt's state-owned wheat buyer GASC cancelled yesterday's high-profile wheat tender without offering a reason why.
Maybe they just wanted to see who was offering what origin? Or maybe they thought that they were being clever by wasting everybody's time?
There is some talk that most of the offers failed to meet Egypt's newly-discovered strict contractual specifications.
That's rich isn't it? It was only a few weeks ago they were slaughtering feral pigs in the slums of Cairo that live knee-deep in stuff that you don't want to be knee-deep in. Now all of a sudden they won't take your wheat unless it's accompanied by a health certificate signed by Elvis in triplicate.
Wouldn't it be lovely if the next time they float a tender up nobody even bothers to put an offer in?
"Erm, sorry Nomani mate, we didn't bother 'cos we thought you were just p*ssing about like last time."
That might concentrate their minds a little bit. You can't make bread out of fresh air you know.
Maybe they just wanted to see who was offering what origin? Or maybe they thought that they were being clever by wasting everybody's time?
There is some talk that most of the offers failed to meet Egypt's newly-discovered strict contractual specifications.
That's rich isn't it? It was only a few weeks ago they were slaughtering feral pigs in the slums of Cairo that live knee-deep in stuff that you don't want to be knee-deep in. Now all of a sudden they won't take your wheat unless it's accompanied by a health certificate signed by Elvis in triplicate.
Wouldn't it be lovely if the next time they float a tender up nobody even bothers to put an offer in?
"Erm, sorry Nomani mate, we didn't bother 'cos we thought you were just p*ssing about like last time."
That might concentrate their minds a little bit. You can't make bread out of fresh air you know.
