The General Authority for Supply Commodities (GASC) purchased 240k tonnes of wheat in an international tender on Thursday for delivery between 10-20 January, according to Reuters. The lowest offer came from US-based Cargill, at USD 221 per tonne FOB. GASC purchased 120k tonnes from US suppliers and 60k tonnes each from Russian and Romanian suppliers. Separately, the authority has yet to decide on a winning bid in Egypt’s first international rice tender, despite a 20 November due date, according to Reuters India.
More from Enterprise
Our friends at EFG Hermes and Beltone pick up fresh accolades, along with CIB
EFG Hermes retained the top corporate access spot on Extel’s…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Inside the retail wave reshaping EGX
Individuals are setting EGX prices day to day, trading on…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…