October 10, 2008


Egypt purchases US and Russian wheat

Egypt's main government wheat buyer has bought 110,00 tonnes of US and Russian wheat for shipment between November 1-15.


Said el-Hefny, vice chairman of the General Authority for Supply Commodities (GASC), said they bought 55,000 tonnes of US soft red winter wheat from Perdue at US$194.84 per tonne, and two cargoes each of 27,500 tonnes of Russian wheat from Horus at US$203 per tonne.


Egypt is a large wheat importer and has already purchase 2.4 million tonnes of wheat in the fiscal year starting July 1, with much of it coming from Russia or Ukraine.


GASC imported about 6.5 million tonnes of wheat in the previous fiscal year, mostly from Russia, the US and Kazakhstan, with smaller quantities from France and Canada.

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