July 8, 2011

Egypt buys 180,000 tonnes of Russian wheat

Egypt's state-owned wheat buyer, the General Authority for Supply Commodities (GASC), announced on Thursday (Jul 7) the purchase of 180,000 tonnes of Russian wheat.

Of the total, GASC bought 60,000 tonnes of Russian wheat from Cargill at US$243.50/tonne and 60,000 tonnes of Russian wheat from Nidera at US$244.50/tonne. GASC also purchased 60,000 tonnes of Russian wheat from Allegrow at US$244.50/tonne.

Egypt is the world's biggest wheat buyer, and had welcomed the lifting of a Russian grain export ban imposed after a severe drought last August.