Egypt’s GASC purchases 240k tonnes of wheat

The General Authority for Supply Commodities (GASC) purchased 240k tonnes of wheat on Thursday from Russia, Romania, and Ukraine, according to Reuters. By our calculations, the Thursday purchase will bring Egypt’s total wheat imports to 840k tonnes, which is higher than the country’s 800k tonne target. Egypt has also purchased 3.5 mn tonnes of local wheat since the start of the harvest.