Egypt’s GASC Buys 300,000 Tons Wheat

26.11.2009

Egypt’s state-owned wheat buyer, the General Authority for Supply Commodities, or GASC, said Wednesday it bought 300,000 metric tons of Russian and French wheat on a free-on-board basis.

Of the total, GASC bought 60,000 tons of Russian wheat from Aston, 60,000 tons of Russian wheat from Valars, 60,000 tons of Russian wheat from Venus, and 60,000 tons of Russian wheat from Alex grain all for a price of $198.75/ton, Nomani Nomani, undersecretary of the vice-chairman of GASC told Dow Jones Newswires.

GASC also bought 60,000 tons of French wheat from Glencore for $201/ton.

The wheat is for shipment Jan. 5-20.

CME Group

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