GASC to launch next international wheat tender in two weeks’ time

The General Authority for Supply Commodities (GASC) could be issuing a new wheat tender next month, S&P Global says. Egypt’s current consumption rate will require the country to return to the market soon, despite the Supply Ministry saying earlier this month that strategic reserves are sufficient to cover consumption until February. GASC had purchased earlier this month 180k tonnes of Russian wheat for 1-10 December delivery.