Egypt's state-buyer, the General Authority for Supply Commodities (GASC) cancelled a tender on Wednesday, August 31, to buy an unspecified amount of wheat from global suppliers for October 5-15 shipment, because lack of offers. Trading house Venus submitted the lone offer for 55,000 MT of Ukrainian wheat at 179.32 $/MT fob.

It was seventh international tender since the start of the new fiscal year and first tender to purchase wheat since it reinstated its zero-tolerance ergot policy