{"id":556333,"date":"2021-10-20T04:09:27","date_gmt":"2021-10-20T04:09:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/20\/gasc-is-angling-for-more-competitive-pricing-on-grain-shipping\/"},"modified":"2021-10-20T04:09:27","modified_gmt":"2021-10-20T04:09:27","slug":"gasc-is-angling-for-more-competitive-pricing-on-grain-shipping","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/20\/gasc-is-angling-for-more-competitive-pricing-on-grain-shipping\/","title":{"rendered":"GASC is angling for more competitive pricing on grain shipping"},"content":{"rendered":"

<\/a> GASC may suspend NNC\u2019s price advantage on grain shipments: <\/strong>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<\/a> reports, citing traders in Egypt and Europe. GASC runs shipping tenders parallel with its frequent tenders for wheat imports, but bids have been few and far between as a result of the<\/p>\n

advantage given to NNC. One trader told the newswire that \u201cit looks like a move to reduce shipping costs of wheat imports by increasing competition.\u201d GASC has not made any official statement on the move.<\/p>\n

The supply crisis has pushed shipping costs sky-high:<\/strong> Maersk, which accounts for around 20% of global shipping and is a general indicator for the state of the industry, told the Financial Times<\/a> earlier this month that it expects to deliver record bottomline results amid the spike in freight rates, with a return to normality not expected till 2022 at the earliest.<\/p>\n

It\u2019s not just shipping \u2014 wheat is pricier, too. <\/strong>GASC last week called off a wheat tender<\/a> as prices offered were higher than expected, marking the fourth time it has canceled a tender in recent months. Average wheat prices have jumped by as much as USD 100 per tonne since the season began amid the squeeze on global commodities, posing a challenge for Egypt as the world\u2019s largest wheat importer.<\/p>\n

IN OTHER COMMODITIES NEWS-<\/strong> Egyptian onion exporters stand to benefit from the surge of local prices for the produce in India<\/strong>, which is prompting Indian suppliers to look outside to ensure the popular commodity remains accessible to the population, reports Reuters<\/a>, quoting Ajit Shah, the president of India\u2019s Onion Exporters\u2019 Association.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 with its frequent tenders for […]<\/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":[7305],"tags":[317,72,550,665,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556333","post","type-post","status-publish","format-standard","hentry","category-commodities","tag-commodities","tag-enterpriseam","tag-gasc","tag-maersk","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"22c24908-154b-4662-81d5-fb4e509d28d2","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[556324],"teaser":"","voice_url":""},"yoast_head":"\nGASC is angling for more competitive pricing on grain shipping - 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\/2021\/10\/20\/gasc-is-angling-for-more-competitive-pricing-on-grain-shipping\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GASC is angling for more competitive pricing on grain shipping\" \/>\n<meta property=\"og:description\" content=\"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 with its frequent tenders for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/20\/gasc-is-angling-for-more-competitive-pricing-on-grain-shipping\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-20T04:09:27+00:00\" \/>\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\/2021\/10\/20\/gasc-is-angling-for-more-competitive-pricing-on-grain-shipping\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/20\/gasc-is-angling-for-more-competitive-pricing-on-grain-shipping\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GASC is angling for more competitive pricing on grain shipping\",\"datePublished\":\"2021-10-20T04:09:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/20\/gasc-is-angling-for-more-competitive-pricing-on-grain-shipping\/\"},\"wordCount\":296,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"commodities\",\"EnterpriseAM\",\"GASC\",\"Maersk\",\"wheat\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/20\/gasc-is-angling-for-more-competitive-pricing-on-grain-shipping\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/20\/gasc-is-angling-for-more-competitive-pricing-on-grain-shipping\/\",\"name\":\"GASC is angling for more competitive pricing on grain shipping - 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The state grain buyer has been relying on\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574560,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/14\/egypt-imports-6-6-mn-tonnes-of-wheat-in-2020-gasc-acquires-51-of-imported-wheat\/","url_meta":{"origin":556333,"position":1},"title":"Egypt imports 6.6 mn tonnes of wheat in 2020, GASC acquires 51% of imported wheat","author":"enterpriseam admin","date":"14 September 2020","format":false,"excerpt":"State grain buyer GASC and private sector firms imported a combined 6.6 mn tonnes of wheat so far this year, the local press reports. The news comes after the government looked to shore up its strategic reserves in the wake of threats to the global market from covid-19. GASC accounted\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"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":556333,"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":545858,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/gasc-concludes-latest-tender-with-offers-roughly-50-above-pre-war-prices\/","url_meta":{"origin":556333,"position":3},"title":"GASC concludes latest tender, with offers roughly 50% above pre-war prices","author":"enterpriseam admin","date":"14 April 2022","format":false,"excerpt":"GASC has pulled off its first successful wheat tender since Russia invaded Ukraine \u2014 but it didn\u2019t come cheap. The General Authority for Supply Commodities (GASC), Egypt\u2019s state grain buyer, bought 350k tons of wheat from France, Russia, and Bulgaria in its first successful tender since war broke out in\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\/244.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556058,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/10\/gasc-hits-up-wheat-market-plasma-act-gets-regs\/","url_meta":{"origin":556333,"position":4},"title":"GASC hits up wheat market + Plasma Act gets regs","author":"enterpriseam admin","date":"10 October 2021","format":false,"excerpt":"State grain buyer GASC buys 240k mt of Russian, Romanian wheat: The General Authority for Supply Commodities (GASC) purchased the grain for shipment in the second half of November at an average price of USD 320.51 per mn tonnes FOB and USD 351.61\/mt CFR, according to Fastmarkets Agricensus. The transaction\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":578635,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/a-fresh-gasc-tender-for-wheat-backed-by-the-world-bank\/","url_meta":{"origin":556333,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556333","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=556333"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556333\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556324"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556333"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=556333"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=556333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}