November 5, 2004

Egypt's GASC Buys 180,000 MT US, Argentine Wheat FOB

Egypt's General Authority for Supply Commodities, or GASC, said Thursday it had bought 180,000 metric tons of US and Argentine wheat on an free on board basis for Dec. 16-31 shipment in its tender.
 
A breakdown of the GASC tender given by GASC's general manager Nomani Nomani is as follows:
 
United Harvest
 
 -- 60,000 tons of US soft white wheat at $142.98/ton FOB
 
Louis Dreyfus
 
  -- 60,000 tons of US soft white wheat at $142.98/ton FOB
 
Toepfer
 
  -- 60,000 tons of Argentine wheat at $116.30/ton FOB