Egypt's GASC Tendering For Wheat

Egypt's state wheat buyer GASC is back in the market tendering for wheat today, saying that it is seeking 'at least' 55,000 MT.

Last week Egypt bought it's first wheat since the end of April, buying 60,000 MT of French wheat at $191.44/tonne FOB.

The price was said to be around $7/tonne dearer than Russian wheat offers, which would also have benefited from cheaper freight.

Will they continue to snub Russian wheat, despite apparently reaching an accord over recent quality issues?