{"id":571880,"date":"2020-06-03T04:04:31","date_gmt":"2020-06-03T04:04:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/03\/egypt-purchases-120k-tonnes-of-ukranian-wheat-in-third-intl-tender-of-local-harvest-season\/"},"modified":"2020-06-03T04:04:31","modified_gmt":"2020-06-03T04:04:31","slug":"egypt-purchases-120k-tonnes-of-ukranian-wheat-in-third-intl-tender-of-local-harvest-season","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/03\/egypt-purchases-120k-tonnes-of-ukranian-wheat-in-third-intl-tender-of-local-harvest-season\/","title":{"rendered":"Egypt purchases 120k tonnes of Ukranian wheat in third int\u2019l tender of local harvest season"},"content":{"rendered":"

<\/a> GASC purchases 120k tonnes of Ukranian wheat <\/strong>in third int\u2019l tender <\/strong>of <\/strong>local harvest <\/strong>season: <\/strong>State grain buyer GASC, the world\u2019s largest grain buyer, has purchased<\/a> 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 per tonne \u2014 the lowest price offered, according to Reuters<\/a>. The tender, which was issued on Monday<\/a>, requested shipment between July 10-25, but the wheat may not be available until August, sources told S&P Global<\/a>.<\/p>\n

Black Sea harvest delays: <\/strong>Ukraine would likely struggle to meet the tender\u2019s shipment period as the 2020-21 harvest season in the Black Sea region, from which Egypt imports most of its wheat, got off to a late start this year following a spat of dry weather, the reports said. The US Department of Agriculture has forecast a decline in Ukraine wheat production for the season, and European crop monitor MARS has done the same for Romainian production, while Russian output volumes have proven hard to predict, S&P Global notes. Monday\u2019s tender saw Russia\u2019s largest grain trader RIF also offering 55k tonnes of Russian wheat at USD 220 in its first participation in a GASC wheat tender, among over a dozen other offers<\/a>.<\/p>\n

Why is this big news? It\u2019s all about ensuring we have a secure food supply in case <\/strong>covid-19 disrupts the global supply chain:<\/strong> Egypt is looking to import 800k tonnes of wheat<\/a>, while expecting to harvest 3.6 mn tonnes locally to secure its reserves of basic commodities amid the global pandemic. Together they would give the country enough of the grain to cover 7-8 months of consumption. Earlier in the pandemic, major exporters Russia and Romania<\/a> imposed export bans to secure their own supplies, but the latter lifted its ban<\/a> under pressure from the European Commission. Russia expects to follow suit next month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 per tonne \u2014 the lowest […]<\/p>\n","protected":false},"author":1,"featured_media":571881,"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":[8572],"tags":[72,550,2417,9292,270,2380,304,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-gasc","tag-general-authority-for-supply-commodities","tag-mars","tag-russia","tag-speed-round","tag-ukraine","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"be1c4ee0-c071-4f1f-b7f1-e1eeaecea0df","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/6\/26.jpg","photo_position":"above","related_issue":[571875],"teaser":"","voice_url":""},"yoast_head":"\nEgypt purchases 120k tonnes of Ukranian wheat in third int\u2019l tender of local harvest season - 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The shipment will bring Egypt\u2019s total wheat imports during the local harvest season to 600k tonnes, inching the country closer towards its 800k tonne target.","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":574033,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/egypt-buys-record-quantity-of-wheat-from-russia-in-intl-tender\/","url_meta":{"origin":571880,"position":1},"title":"Egypt buys record quantity of wheat from Russia in int\u2019l tender","author":"enterpriseam admin","date":"27 August 2020","format":false,"excerpt":"State grain buyer GASC made a near-record wheat purchase from Russia on Tuesday, picking up 530k tonnes in a tender \u2014 the most it has bought from Russia since the 2012-2013 season, Bloomberg reports. Russia\u2019s near-record harvest has allowed it to sweep the competition and provide 80% of Egypt\u2019s purchases\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\/8\/218.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559764,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/","url_meta":{"origin":571880,"position":2},"title":"Could France soon replace Russia as our prime wheat supplier?","author":"enterpriseam admin","date":"3 February 2021","format":false,"excerpt":"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\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\/2021\/2\/62.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":571880,"position":3},"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. Egypt is looking to import 800k tonnes of wheat, and expects to harvest\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":571880,"position":4},"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":573528,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/egypts-gasc-receives-record-number-of-offers-in-wheat-tender\/","url_meta":{"origin":571880,"position":5},"title":"Egypt\u2019s GASC receives record number of offers in wheat tender","author":"enterpriseam admin","date":"9 August 2020","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) has accepted seven offers in a tender to purchase 410k tonnes of wheat after receiving a \u201crecord number\u201d of bids, according to data seen by the press. GASC will purchase 120k tonnes of Russian wheat and 290k tonnes of Russian and Ukrainian wheat.","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\/571880","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=571880"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/571880\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/571875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/571881"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=571880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=571880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=571880"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=571880"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=571880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}