State grain purchaser GASC announced that they would be reverting to a delayed payment schedule on the upcoming wheat tender, fulfilling payments to suppliers within 180 days, a government source and traders told Reuters. GASC had made immediate payment on their January and February tenders this year, but the return to deferred payments will likely drive prices up for the upcoming tender, which is expected to take place later today for an unspecified quantity of wheat, according to Reuters Arabic service.
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