{"id":545782,"date":"2022-04-12T04:09:56","date_gmt":"2022-04-12T04:09:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/12\/gasc-is-tendering-again-but-only-for-european-wheat\/"},"modified":"2022-04-12T04:09:56","modified_gmt":"2022-04-12T04:09:56","slug":"gasc-is-tendering-again-but-only-for-european-wheat","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/12\/gasc-is-tendering-again-but-only-for-european-wheat\/","title":{"rendered":"GASC is tendering again \u2014 but only for European wheat"},"content":{"rendered":"

<\/a> GASC wants to buy wheat \u2014 but only from European suppliers: <\/strong>State grain buyer the General Authority for Supply Commodities (GASC) issued yesterday a limited tender for an unspecified amount of European wheat, Reuters<\/a> reported. The tender is open only to European suppliers already accredited in GASC\u2019s tender book, marking the first time in years the authority has launched a limited tender, according to traders cited by Reuters. State wheat tenders are usually open for bids from all 16 accredited import countries.<\/p>\n

The details: <\/strong>Suppliers have until the end of tomorrow to submit their bids on either a cost and freight or FOB<\/a> basis, with the grain set to be shipped in late May or the first half of June.<\/p>\n

Among the contenders:<\/strong> Smart money may well be on France, Germany and a handful of eastern European states. France has said<\/a> it will \u201cstand by Egypt\u201d on wheat and make sure we get what we need if the war in Ukraine drags on. Private sector traders in March secured<\/a> Egypt\u2019s first shipment of German wheat in years alongside Lithuanian and Bulgarian cargos. Buying more Romanian wheat is also on the table, Internal Trade Development Authority head Ibrahim Ashmawy said back in February<\/a>.<\/p>\n

The tender comes a month sooner than expected:<\/strong> Supply Minister Ali El Moselhy had previously said<\/a> that Egypt wouldn\u2019t be tapping the international wheat market before the middle of May. The news came after GASC was forced to cancel two tenders as the global wheat trade was upended by the outbreak of war in Ukraine. Egypt\u2019s last international wheat purchase was in mid-February.<\/p>\n

Why now? <\/strong>Our wheat reserves are running lower than usual thanks to war in Europe. Egypt currently has enough wheat to cover the next 2.6 months\u2019 worth of consumption, cabinet announced<\/a> last week, down from the four-month figure announced by the government in early March. We received all our backlogged orders of Russian wheat in March, but blockaded ports mean there\u2019s little to no grain<\/a> coming out of Ukraine. The two countries together supply more than 80% of our imported wheat in peacetime.<\/p>\n

The government remains focused on the local harvest: <\/strong>With global markets in disarray, the Madbouly government has shifted its wheat procurement focus to local sources. The government will spend around EGP 36 bn to purchase 6 mn tons of local wheat this year, roughly doubling its purchase budget<\/a> from last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

GASC wants to buy wheat \u2014 but only from European suppliers: State grain buyer the General Authority for Supply Commodities (GASC) issued yesterday a limited tender for an unspecified amount of European wheat, Reuters reported. The tender is open only to European suppliers already accredited in GASC\u2019s tender book, marking the first time in years […]<\/p>\n","protected":false},"author":1,"featured_media":545783,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7305],"tags":[317,72,550,1095,1678],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-commodities","tag-enterpriseam","tag-gasc","tag-russia-ukraine-war","tag-wheat-tender","wpautop","entry"],"acf":{"mongo_id":"70f66dac-0cd6-4925-892d-623f97345a0c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/208.jpg","photo_position":"above","related_issue":[545778],"teaser":"","voice_url":""},"yoast_head":"\nGASC is tendering again \u2014 but only for European wheat - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/12\/gasc-is-tendering-again-but-only-for-european-wheat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GASC is tendering again \u2014 but only for European wheat\" \/>\n<meta property=\"og:description\" content=\"GASC wants to buy wheat \u2014 but only from European suppliers: State grain buyer the General Authority for Supply Commodities (GASC) issued yesterday a limited tender for an unspecified amount of European wheat, Reuters reported. 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The authority was seeking wheat from the US, Canada, Australia, Argentina or Brazil for delivery between September and November but faced paying at least USD 443 per ton after\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547740,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/gasc-could-purchase-wheat-directly-from-suppliers\/","url_meta":{"origin":545782,"position":2},"title":"GASC could purchase wheat directly from suppliers","author":"enterpriseam admin","date":"5 July 2022","format":false,"excerpt":"Egypt is lining up its next wheat buy \u2014 this time sans tender? GASC is looking to purchase wheat directly from commodity traders outside the normal tender process, Reuters and Bloomberg reported yesterday, citing traders. The state grain buyer yesterday invited offers from the trading houses for an undisclosed amount\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/116.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578635,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/a-fresh-gasc-tender-for-wheat-backed-by-the-world-bank\/","url_meta":{"origin":545782,"position":3},"title":"A fresh GASC tender for wheat, backed by the World Bank","author":"enterpriseam admin","date":"9 January 2023","format":false,"excerpt":"GASC puts out a fresh international wheat tender: State grain buyer GASC has launched an international tender to purchase 30k-60k tons of wheat on a cost and freight basis for February delivery, according to a GASC statement. Traders need to submit their bids directly to GASC by midday tomorrow.Thanks, World\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/114.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556333,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/20\/gasc-is-angling-for-more-competitive-pricing-on-grain-shipping\/","url_meta":{"origin":545782,"position":4},"title":"GASC is angling for more competitive pricing on grain shipping","author":"enterpriseam admin","date":"20 October 2021","format":false,"excerpt":"GASC may suspend NNC\u2019s price advantage on grain shipments: State grain buyer GASC is set to suspend the 15% price advantage currently extended to national shipping line National Navigation Company (NNC) on delivering wheat imports to Egypt, Reuters reports, citing traders in Egypt and Europe. GASC runs shipping tenders parallel\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599852,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/egypts-gasc-purchases-415k-tonnes-after-receiving-wheat-offers\/","url_meta":{"origin":545782,"position":5},"title":"Egypt\u2019s GASC purchases 415k tonnes after receiving wheat offers","author":"enterpriseam admin","date":"13 January 2019","format":false,"excerpt":"State grain buyer GASC purchased 415,000 tonnes of Russian wheat in two international tenders on Wednesday, according to Al Shorouk. The shipments are due for delivery between 28-29 February and 1-10 March, according to the GASC tender offer. Russian suppliers\u2019 \u201cclean sweep\u201d in the GASC tender pushed wheat futures trading\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545782"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545782\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/545783"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545782"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545782"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}