Egypt's GASC buys 175,000 T French, Russian wheat Nov. 5, 2019
The Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) on Tuesday, November 5, bought 175,000 MT of wheat from France (120 TMT) and Russia (55 TMT) for December 15-25 delivery:
- 120,000 MT of French wheat from Glencore at 232.44 $/mt c&f (214.00 fob+18.44 freight);
- 55,000 MT of Russian wheat from ADM at 234.60 $/mt c&f (218.00 fob+16.60 freight).
So GASC has bought so far a total 3,780,000 MT of wheat (1.875 MMT from Russia, 765,000 MT from Ukraine, 720,000 MT from Romania, and 420,000 MT from France) for supply in 2019/20 (July-June)