{"id":547784,"date":"2022-07-06T04:19:02","date_gmt":"2022-07-06T04:19:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/"},"modified":"2022-07-06T04:19:02","modified_gmt":"2022-07-06T04:19:02","slug":"egypt-buys-444k-tons-of-wheat-directly-from-traders","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/","title":{"rendered":"Egypt buys 444k tons of wheat directly from traders"},"content":{"rendered":"

<\/a> Another big wheat buy:<\/strong> Egypt purchased 444k tons of Russian, French and Romanian wheat directly from traders yesterday, traders said<\/a>. State grains buyer GASC paid USD 416 a ton on a cost and freight basis (CFR), they said.<\/p>\n

The breakdown: <\/strong>GASC reportedly bought 214k tons of Russian wheat, 170k tons of French wheat, and 60k tons of Romanian wheat for delivery in September and October. It booked nine shipments after receiving offers from 12 suppliers.<\/p>\n

This time, no tender:<\/strong> GASC took the unusual step of booking the wheat directly from commodity traders. The authority 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 purchases were made one day after GASC <\/strong>invited offers<\/a><\/strong> for Russian, French, Romanian, and Bulgarian wheat<\/strong>. All four are emerging as important suppliers for Egypt, which has booked shipments 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

That makes more than 1.2 mn tons in under a week:<\/strong> Yesterday\u2019s purchase comes less than a week after GASC bought 815k tons for shipment in August, September and October in what is thought to have been the authority\u2019s largest tender since at least 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"

Another big wheat buy: Egypt purchased 444k tons of Russian, French and Romanian wheat directly from traders yesterday, traders said. 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 French wheat, and 60k […]<\/p>\n","protected":false},"author":1,"featured_media":547785,"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":[317,72,491,550,270,304,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-commodities","tag-enterpriseam","tag-france","tag-gasc","tag-russia","tag-ukraine","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"094f9121-ebf1-4aee-89fb-3abc6e3b75c8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/7\/139.jpg","photo_position":"above","related_issue":[547770],"teaser":"","voice_url":""},"yoast_head":"\nEgypt buys 444k tons of wheat directly from traders - 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\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt buys 444k tons of wheat directly from traders\" \/>\n<meta property=\"og:description\" content=\"Another big wheat buy: Egypt purchased 444k tons of Russian, French and Romanian wheat directly from traders yesterday, traders said. 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 French wheat, and 60k […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-06T04:19:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/139.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt buys 444k tons of wheat directly from traders\",\"datePublished\":\"2022-07-06T04:19:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/\"},\"wordCount\":236,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/139.jpg?fit=%2C&ssl=1\",\"keywords\":[\"commodities\",\"EnterpriseAM\",\"France\",\"GASC\",\"Russia\",\"Ukraine\",\"wheat\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/\",\"name\":\"Egypt buys 444k tons of wheat directly from traders - 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The lowest offer GASC received in the tender was USD 186.05 per tonne free-on-board (FOB) for 60k tonnes of Russian wheat, traders tell\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":[]},{"id":646924,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/03\/gasc-purchases-3-1-mn-tons-of-wheat-to-be-supplied-monthly-through-april\/","url_meta":{"origin":547784,"position":2},"title":"GASC purchases 3.1 mn tons of wheat to be supplied monthly through April","author":"enterpriseam admin","date":"3 October 2024","format":false,"excerpt":"The purchase is one of GASC\u2019s largest","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\/2024\/10\/256.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646457,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/egypt-purchases-300k-tonnes-of-russian-romanian-ukrainian-wheat\/","url_meta":{"origin":547784,"position":3},"title":"Egypt purchases 300k tonnes of Russian, Romanian, Ukrainian wheat","author":"enterpriseam admin","date":"14 June 2017","format":false,"excerpt":"The General Authority for Supply Commodities purchased 300k tonnes of Russian, Romanian, and Ukrainian wheat in a purchase tender on Tuesday, Al Masry Al Youm reports. The wheat is scheduled for delivery between 15 and 25 July. The lowest offer GASC received was USD 192.74 per tonne, traders tell the\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":[]},{"id":607896,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/11\/more-russian-wheat-incoming\/","url_meta":{"origin":547784,"position":4},"title":"More Russian wheat incoming","author":"enterpriseam admin","date":"11 October 2023","format":false,"excerpt":"GASC purchased 480k tons of Russian wheat","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\/10\/550.jpg?fit=%2C&ssl=1&resize=350%2C200","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":547784,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547784","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=547784"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547784\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/547785"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547784"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547784"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}