June 15, 2007

Egypt's GASC tenders to buy 55,000-60,000 tonnes wheat

Egypt's state-owned General Authority for Supply Commodities (GASC) is tendering to buy at least 55,000-60,000 tonnes of wheat for shipment July 11-20, on a free-on-board basis, an official said Thursday (Jun 14).

GASC is looking to purchase 55,000-60,000 tonnes of US hard red winter wheat, US soft red wheat, US soft white wheat, French milling wheat, Argentine wheat or Kazakhstan wheat, and 25,000-60,000 tonnes of Russian, German, UK or Syrian wheat, Nomani Nomani, undersecretary of the vice chairman of GASC, told Dow Jones Newswires.

GASC also announced a tender for a minimum of 25,000 tonnes of wheat, of the same origins stated above, from local suppliers, to be paid for in Egyptian pounds on the basis of landed cost out of the free zone areas.

The date of delivery for that tender is Aug. 1-20, Nomani said.

The deadline for bids is 1100 GMT Friday.