28 Nov 2017 - 18:47
Egypt's GASC buys 120,000 tonnes Russian wheat
DUBAI: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Tuesday it had bought 120,000 tonnes of Russian wheat in a tender.
GASC did not give any further details.
The wheat is for shipment Jan. 11-20. Traders gave the following breakdown of the purchase with prices in dollars per tonne:
*60,000 tonnes of Russian wheat from GTCS at $192.99 free-on-board (FOB) and $14.29 freight, equating to $207.28 cost and freight (C&F)
*60,000 tonnes of Russian wheat from Friends (Union) at $193.30 FOB and $14.29 freight, equating to $207.59 C&F