GASC buys 300k tonnes of wheat

The General Authority for Supply Commodities (GASC) purchased 300,000 tonnes of wheat on Friday due for shipment between March 21-31, Reuters reports. The purchase includes 120,000 tonnes of US soft red wheat, 120,000 tonnes of French wheat and 60,000 tons of Ukrainian wheat. GASC’s second purchase of European wheat in a fortnight helped Euronext wheat futures to recover from two-month lows.