{"id":547740,"date":"2022-07-05T04:18:42","date_gmt":"2022-07-05T04:18:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/gasc-could-purchase-wheat-directly-from-suppliers\/"},"modified":"2022-07-05T04:18:42","modified_gmt":"2022-07-05T04:18:42","slug":"gasc-could-purchase-wheat-directly-from-suppliers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/gasc-could-purchase-wheat-directly-from-suppliers\/","title":{"rendered":"GASC could purchase wheat directly from suppliers"},"content":{"rendered":"

<\/a> Egypt is lining up its next wheat buy \u2014 this time sans tender?<\/strong> GASC is looking to purchase wheat directly from commodity traders outside the normal tender process, Reuters<\/a> and Bloomberg<\/a> reported yesterday, citing traders. The state grain buyer yesterday invited offers from the trading houses for an undisclosed amount of wheat for shipment in September and October, they said. The offers should be valid until today. GASC typically purchases wheat via international tenders but in May<\/a> the cabinet gave the go-ahead for the authority to buy directly from suppliers.<\/p>\n

The Fab Four: <\/strong>GASC is reportedly only interested in direct offers for wheat from Romania, Bulgaria, Russia and France. These are the same four countries from which we last week bought<\/a> a massive 815k tons of wheat through a normal tender process. All four are emerging as important suppliers to Egypt, which has bought shipments<\/a> exclusively from them in the three successful international tenders<\/a> since Russia\u2019s war in Ukraine upended the global grain markets in February. Russian and Ukrainian wheat had accounted for around 80% of our imports before the war broke out.<\/p>\n

Prices have fallen significantly in recent weeks: <\/strong>Chicago futures are now trading at their lowest price since February, having fallen by a third since the middle of May, when prices rose to a 14-year high spurred by the conflict. GASC bought the wheat in its latest tender at around USD 430-440 per ton on a cost and freight (C&F) basis, with the cheapest prices coming from Romania and the most expensive from France.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 of wheat for shipment in […]<\/p>\n","protected":false},"author":1,"featured_media":547741,"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":[1700,317,72,491,550,270,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-bulgaria","tag-commodities","tag-enterpriseam","tag-france","tag-gasc","tag-russia","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"b147f438-4d58-454e-b045-87596df31d59","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/7\/116.jpg","photo_position":"above","related_issue":[547732],"teaser":"","voice_url":""},"yoast_head":"\nGASC could purchase wheat directly from suppliers - 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\/07\/05\/gasc-could-purchase-wheat-directly-from-suppliers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GASC could purchase wheat directly from suppliers\" \/>\n<meta property=\"og:description\" content=\"Egypt is lining up its next wheat buy \u2014 this time sans tender? 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State grains buyer GASC paid USD 416 a ton on a cost and freight basis (CFR), they said.The breakdown: GASC reportedly bought 214k tons of Russian wheat, 170k tons of\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\/139.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547962,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/gasc-scraps-wheat-tender-on-high-prices\/","url_meta":{"origin":547740,"position":1},"title":"GASC scraps wheat tender on high prices","author":"enterpriseam admin","date":"20 July 2022","format":false,"excerpt":"The General Authority For Supply Commodities (GASC) canceled its latest wheat tender yesterday, due to higher-than-expected prices, it said in astatement. 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":578635,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/a-fresh-gasc-tender-for-wheat-backed-by-the-world-bank\/","url_meta":{"origin":547740,"position":2},"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":577323,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/gasc-buys-300k-tons-of-russian-wheat-in-direct-purchase-say-traders\/","url_meta":{"origin":547740,"position":3},"title":"GASC buys 300k tons of Russian wheat in direct purchase, say traders","author":"enterpriseam admin","date":"17 November 2022","format":false,"excerpt":"Egypt\u2019s state grains buyer yesterday bought 300k tons of Russian wheat direct from suppliers, traders told Reuters. GASC last week ordered 280k tons of Russian wheat after it canceled a tender earlier this month due to high prices.Another tragic road accident: Fourteen people died when a minibus collided with a\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546928,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/we-just-bought-a-lot-of-wheat\/","url_meta":{"origin":547740,"position":4},"title":"We just bought a lot of wheat","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"State grain buyer GASC has purchased 465k tons of wheat for shipment in July and August in a fresh international tender, Reuters reported yesterday.The breakdown: The order by the General Authority for Supply Commodities includes 240k tons of Romanian wheat, 175k tons of Russian wheat and 50k tons of Bulgarian\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\/6\/107.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545782,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/12\/gasc-is-tendering-again-but-only-for-european-wheat\/","url_meta":{"origin":547740,"position":5},"title":"GASC is tendering again \u2014 but only for European wheat","author":"enterpriseam admin","date":"12 April 2022","format":false,"excerpt":"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\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\/4\/208.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547740","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=547740"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547740\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547732"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/547741"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547740"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547740"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}