October 21, 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, said Wednesday that it is tendering for 30,000 to 60,000 metric tons of wheat basis free on board for Nov. 20 - 30 and Dec. 1 - 10 shipment, said Nomani Nomani, GASC's general manager.

Wheat offers of 50,000 to 60,000 tons are being sought from US, French, Australian, Argentine and Canadian origins as well as 30,000 to 60,000 tons of Russian and Syrian origin.

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

In the previous tender concluded Oct. 7, GASC purchased 110,000 tons of US hard red winter wheat for Nov. 16-30 shipment.

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.