{"id":549450,"date":"2022-09-18T04:00:55","date_gmt":"2022-09-18T04:00:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/18\/wheat-suppliers-need-to-get-on-the-new-commodities-exchange\/"},"modified":"2022-09-18T04:00:55","modified_gmt":"2022-09-18T04:00:55","slug":"wheat-suppliers-need-to-get-on-the-new-commodities-exchange","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/18\/wheat-suppliers-need-to-get-on-the-new-commodities-exchange\/","title":{"rendered":"Wheat suppliers need to get on the new commodities exchange"},"content":{"rendered":"

Wheat suppliers must register on Egycomex by November:<\/strong> State grain buyer GASC has sent a letter to wheat traders saying that from 1 November it will only buy from suppliers registered on our new Egycomex<\/a> commodities exchange, Reuters<\/a> reports. The move comes as GASC pivots from public tenders to direct purchases<\/a> to secure wheat on the international markets, which were thrown into disarray earlier this year over shortages spurred by the outbreak of war in Ukraine.<\/p>\n

What we don\u2019t know: <\/strong>Whether global grain suppliers and \/ or their local agents need to sign up.<\/p>\n

Egycomex? <\/strong>The commodities exchange has been in the works since 2018<\/a> and will eventually allow traders to buy and sell wheat, oil, sugar, rice, gold, steel, and cotton. Last we heard, it was set to go live before year end<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wheat suppliers must register on Egycomex by November: State grain buyer GASC has sent a letter to wheat traders saying that from 1 November it will only buy from suppliers registered on our new Egycomex commodities exchange, Reuters reports. The move comes as GASC pivots from public tenders to direct purchases to secure wheat on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7209],"tags":[111,317,2319,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549450","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-commodities","tag-egyptian-commodities-exchange","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b615bb15-7871-4b7a-86df-bab672c7433d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549426],"teaser":"","voice_url":""},"yoast_head":"\nWheat suppliers need to get on the new commodities exchange - 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\/09\/18\/wheat-suppliers-need-to-get-on-the-new-commodities-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wheat suppliers need to get on the new commodities exchange\" \/>\n<meta property=\"og:description\" content=\"Wheat suppliers must register on Egycomex by November: State grain buyer GASC has sent a letter to wheat traders saying that from 1 November it will only buy from suppliers registered on our new Egycomex commodities exchange, Reuters reports. 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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":[]},{"id":578635,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/a-fresh-gasc-tender-for-wheat-backed-by-the-world-bank\/","url_meta":{"origin":549450,"position":1},"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":547962,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/gasc-scraps-wheat-tender-on-high-prices\/","url_meta":{"origin":549450,"position":2},"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":623340,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypts-gasc-buys-470k-tonnes-of-russian-ukrainian-and-us-wheat-in-tender\/","url_meta":{"origin":549450,"position":3},"title":"Egypt\u2019s GASC buys 470k tonnes of Russian, Ukrainian, and US wheat in tender","author":"enterpriseam admin","date":"28 October 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 470k tonnes of wheat in an international tender on Friday for delivery between 11-20 November, according to Reuters\u2019 Arabic service. The lowest offer was presented from Russia\u2019s ECTP at USD 248.80 per tonne, including shipping. GASC purchased 350k tonnes from Russian suppliers,\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":622020,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypts-gasc-buys-240k-tonnes-of-us-russian-romanian-wheat-in-intl-tender\/","url_meta":{"origin":549450,"position":4},"title":"Egypt\u2019s GASC buys 240k tonnes of US, Russian, Romanian wheat in int\u2019l tender","author":"enterpriseam admin","date":"25 November 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 240k tonnes of wheat in an international tender on Thursday for delivery between 10-20 January, according to Reuters. The lowest offer came from US-based Cargill, at USD 221 per tonne FOB. GASC purchased 120k tonnes from US suppliers and 60k tonnes each\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":634318,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/gasc-manages-to-hold-wheat-tender-after-clearing-fee-issues-with-suppliers\/","url_meta":{"origin":549450,"position":5},"title":"GASC manages to hold wheat tender after clearing fee issues with suppliers","author":"enterpriseam admin","date":"11 January 2018","format":false,"excerpt":"State grain buyer the General Authority for Supply Commodities (GASC) received seven bid in its first wheat tender of the year following additional negotiations that contractual issues will be amended, the head of the Institute for Agricultural Market Studies (IKAR), Dmitry Rylko, told Interfax. \u201cThe difficulty arose from Egypt's attempt\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\/549450","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=549450"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549450\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549426"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549450"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549450"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}