GASC purchases 114k tonnes of rice, cancels sugar tender

State grain purchaser GASC has acquired 114k tonnes of chinese rice at a price of USD 405 per tonne, reports Reuters Arabic service. An international tender for the purchase of at least 50k tonnes of sugar was also cancelled due to elevated prices. Meanwhile, the Supply Ministry is expecting local farmers to grow 3.6 mn tonnes of wheat this harvest season, which began this month, minister Ali Moselhy said, according to Al Mal. The ministry will start purchasing the wheat next week at an average price of EGP 670 per ardib.