{"id":559764,"date":"2021-02-03T04:14:50","date_gmt":"2021-02-03T04:14:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/"},"modified":"2021-02-03T04:14:50","modified_gmt":"2021-02-03T04:14:50","slug":"could-france-soon-replace-russia-as-our-prime-wheat-supplier","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/","title":{"rendered":"Could France soon replace Russia as our prime wheat supplier?"},"content":{"rendered":"

French wheat could be filling the Russia-shaped hole in Egypt\u2019s import quota<\/strong>: Swiss commodities giant Glencore made the lowest offer in GASC\u2019s international wheat tender yesterday, the first since the state grain buyer canceled<\/a>a tender<\/a> in response to possible export restrictions on Russian wheat, Reuters<\/a> reports. The firm offered to ship 60k tonnes of French wheat at USD 269.10 each. GASC is buying 240k tonnes of French wheat \u2014 half of the total amount the grain buyer ordered, Al Masry Al Youm<\/a> reports, and is also said to be looking into sourcing from Canada and the United States<\/a>.<\/p>\n

So long, old friend?<\/strong> Russia\u2019s new USD 60.18 per tonne tax on all wheat exports, which is set to go into effect by March, has given French suppliers a competitive edge over our long-time trade partners. Russian wheat constituted 80% of Egypt\u2019s purchases last season, with 2.5 mn tonnes bought as of August 2020. The decision to levy higher taxes on the part of Russian officials comes as part of a protectionist bid<\/a> to boost the country\u2019s local supply and stabilize prices. GASC nonetheless ordered 120k tonnes of Russian wheat in yesterday\u2019s tender.<\/p>\n","protected":false},"excerpt":{"rendered":"

French wheat could be filling the Russia-shaped hole in Egypt\u2019s import quota: Swiss commodities giant Glencore made the lowest offer in GASC\u2019s international wheat tender yesterday, the first since the state grain buyer canceleda tender in response to possible export restrictions on Russian wheat, Reuters reports. The firm offered to ship 60k tonnes of French […]<\/p>\n","protected":false},"author":1,"featured_media":559765,"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":[317,72,491,550,9323,270,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-commodities","tag-enterpriseam","tag-france","tag-gasc","tag-protectionism","tag-russia","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"2ace3f13-366d-4599-8108-11cc8bc5abc9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/62.jpg","photo_position":"above","related_issue":[559753],"teaser":"","voice_url":""},"yoast_head":"\nCould France soon replace Russia as our prime wheat supplier? - 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\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Could France soon replace Russia as our prime wheat supplier?\" \/>\n<meta property=\"og:description\" content=\"French wheat could be filling the Russia-shaped hole in Egypt\u2019s import quota: Swiss commodities giant Glencore made the lowest offer in GASC\u2019s international wheat tender yesterday, the first since the state grain buyer canceleda tender in response to possible export restrictions on Russian wheat, Reuters reports. The firm offered to ship 60k tonnes of French […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-03T04:14:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/62.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\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Could France soon replace Russia as our prime wheat supplier?\",\"datePublished\":\"2021-02-03T04:14:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/\"},\"wordCount\":202,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/62.jpg?fit=%2C&ssl=1\",\"keywords\":[\"commodities\",\"EnterpriseAM\",\"France\",\"GASC\",\"protectionism\",\"Russia\",\"wheat\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/\",\"name\":\"Could France soon replace Russia as our prime wheat supplier? 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This was the first time in six months that Egypt did not purchase Russian wheat, the newswire highlighted,\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":601223,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/gasc-purchases-360k-tonnes-of-wheat\/","url_meta":{"origin":559764,"position":1},"title":"GASC purchases 360k tonnes of wheat","author":"enterpriseam admin","date":"21 February 2019","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 360k tonnes of wheat, reports Al Shorouk. The purchase includes 60k tonnes from each of Romania, Russia and Ukraine, and another 180k tonnes from France. The lack of US representation in the tender resulted in wheat futures hitting a seven-month low, according\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":643132,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/gasc-purchases-295k-tonnes-of-russian-romanian-wheat\/","url_meta":{"origin":559764,"position":2},"title":"GASC purchases 295k tonnes of Russian, Romanian wheat","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 295k tonnes of wheat yesterday, of which 235k tonnes came from Russia and 60k tonnes from Ukraine, Reuters reports. 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":604837,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/egypts-gasc-purchases-180k-tonnes-after-receiving-wheat-offers\/","url_meta":{"origin":559764,"position":3},"title":"Egypt\u2019s GASC purchases 180k tonnes after receiving wheat offers","author":"enterpriseam admin","date":"13 December 2018","format":false,"excerpt":"State grain buyer GASC purchased yesterday 180,000 tonnes of wheat in an international tender on Wednesday for delivery between 1 and 10 February, according to AMAY. GASC purchased 60,000 tonnes of Romanian wheat and 120,000 tonnes of Russian wheat, with the lowest price offered by ADM for USD 241.26 per\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":571880,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/03\/egypt-purchases-120k-tonnes-of-ukranian-wheat-in-third-intl-tender-of-local-harvest-season\/","url_meta":{"origin":559764,"position":4},"title":"Egypt purchases 120k tonnes of Ukranian wheat in third int\u2019l tender of local harvest season","author":"enterpriseam admin","date":"3 June 2020","format":false,"excerpt":"GASC purchases 120k tonnes of Ukranian wheat in third int\u2019l tender of local harvest season: State grain buyer GASC, the world\u2019s largest grain buyer, has purchased 120k tonnes of wheat from Ukraine in its third global wheat tender during the 2020-21 local harvest season, including 60k tonnes at USD 210\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\/2020\/6\/26.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571847,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/02\/egypts-gasc-is-tapping-the-international-wheat-market\/","url_meta":{"origin":559764,"position":5},"title":"Egypt\u2019s GASC is tapping the international wheat market","author":"enterpriseam admin","date":"2 June 2020","format":false,"excerpt":"GASC is tapping the international wheat market again: State grain buyer GASC issued yesterday a global wheat tender as the country looks to secure its reserves of basic commodities amid the global pandemic, Reuters\u2019 Arabic service reports. 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