The General Authority for Supply Commodities (GASC) purchased yesterday a total of 420k tonnes of wheat in two international tenders issued on Monday, according to Reuters’ Arabic service. Traders tell Reuters that the lowest offer GASC received in the tenders was USD 230.99 per tonne FOB for the shipment due in September from Romanian trading firm CHS. Russia’s GTCS offered USD 234 per tonne FOB for the October shipment. Yesterday’s prices are 2% lower than what GASC paid at Egypt’s last tender as global wheat prices are beginning to fall, according to AgriCensus.

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