September 17, 2004

Egypt GASC Tenders For 30,000-60,000 MT Wheat FOB

Egypt's main wheat buyer, the General Authority for Supply Commodities, or GASC, is tendering for 30,000 to 60,000 metric tons of U.S., French, Australian, Argentine, Russian and Syrian wheat basis free on board for Oct. 15-31 shipment, participating traders said Thursday.

GASC is seeking offers by 0900 GMT Friday with results expected to be released before 1400 GMT, they said.

Egypt is forecast to import seven million tons of wheat during the 2004- 2005 marketing year, according to the latest report from the International Grains Council. GASC purchases account for the bulk of Egypt's imports.