{"id":585052,"date":"2023-04-10T00:00:00","date_gmt":"2023-04-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/govt-buys-more-russian-wheat-in-latest-intl-tender\/"},"modified":"2023-04-10T00:00:00","modified_gmt":"2023-04-10T00:00:00","slug":"govt-buys-more-russian-wheat-in-latest-intl-tender","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/govt-buys-more-russian-wheat-in-latest-intl-tender\/","title":{"rendered":"Gov\u2019t buys more Russian wheat in latest int\u2019l tender"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">COMMODITIES -<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">GASC seals big Russian wheat buy:<\/span><span style=\"\"> GASC has purchased 600k tons of Russi<\/span><span style=\"\">an <\/span><span>wheat in an international tender, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nasdaq.com\/articles\/egypts-gasc-buys-600000-tonnes-of-russian-wheat-in-tender-0\" style=\"\">Reuters<\/a><\/span><span> reported Thursday, citing a statement from the state grains buyer<\/span><span style=\"font-weight:400;\">. GASC agreed to pay USD 275 per ton on a free-on-board basis and USD 293-294 on a cost and freight basis, according to the newswire. The wheat is scheduled to arrive in two shipments: the first 300k tons between 10-20 May, and the second between 21-31 May. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We\u2019re keen on Russian<\/span><span style=\"font-weight:700\"> wheat:<\/span><span style=\"\"> GASC chose Russian suppliers in three separate international <\/span><span>tenders earlier this year, all of which were partially funded by a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/641511ec-c42a-4cf5-a975-49161d01b1f4\" style=\"\">USD 500 mn World Bank loan<\/a><\/span><span>. The authority has reportedly bought at least<\/span><span>1.4<\/span><span style=\"font-weight:400;\"> mn tons of Russian wheat in tenders so far in 2023.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MANUFACTURING- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Flex PET<\/span><span style=\"font-weight:700\"> starts work on USD 110 mn<\/span><span style=\"font-weight:700\"> plastics<\/span><span style=\"font-weight:700\"> factory in SCZone: <\/span><span style=\"\">Indian plastic <\/span><span>packaging manufacturer <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.flexfilm.com\/flex-egypt.php\" style=\"\">Flex PET<\/a><\/span><span> has begun construction on its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/indian-company-flex-pet-to-set-up-polyester-resin-plant-in-sokhna-t6ks6q6f\" style=\"\">USD 110 mn plastics plant<\/a><\/span><span> in the Suez Canal Economic Zon<\/span><span>e, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid0L6CCkgicABYP25K7FLMUqP1jYyDXdrpgFjfwiSnf9XbWxF39oiQaHBq98STuzHTNl\" style=\"\">a SCZone statement<\/a><\/span><span>. <\/span><span>The plant will produce 30k tons of polyethylene a month and is expected to be fully operational by mid-2025.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REAL ESTATE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">HHD wants investors for its Granada redevelopment:<\/span><span style=\"\"> State-owned real estate<\/span><span>developer Heliopolis Housing and Development (HHD) is offering investors the chance to redevelop several areas of the historic Granada building in Heliopolis, the company\u2019s CEO, Tamer Nasser, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/heliopolis-company-for-housing-and-development-offers-granada-city-to-investors-dzgvypc3\" style=\"\">said<\/a><\/span><span style=\"font-weight:400;\">yesterday. The building was recently reopened following a EGP 47 mn redevelopment project in the works since 2017. Investors can redevelop the building into areas suitable for cultural and tourism activities, exhibitions, and parties, as well as a high-level restaurant.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HEALTHCARE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Linking the health of people, animals, and ecosystems post-covid: <\/span><span style=\"\">The health, <\/span><span>environment, and agriculture ministries, the World Health Organization (WHO), and the UN\u2019s Food and Agriculture Organization (FAO) have <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0vrsHd9esSBt9YsZLDC7gBrZybKaC1pYYqoKSszWbQHFmYByo9d9x2YtMsLtRgtidl\" style=\"\">launched<\/a><\/span><span> a four-year strategy for Egypt under the multilateral organizations\u2019 new <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.who.int\/news-room\/fact-sheets\/detail\/one-health\" style=\"\">One Health<\/a><\/span><span style=\"font-weight:400;\"> approach. The idea behind One Health is to integrate human, animal, and environmental health policy in a bid to better guard against risks such as that of future pandemics. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">BANKING-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">CIB inaugurated its first branch in Kenya\u2019s Nairobi yesterday<\/span><span style=\"\"> in an event attended <\/span><span>by Egyptian Ambassador to Kenya Wael Nasr Attia, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/pfbid02jzPzfAJtN2tuPNvjQoD1UPqpcgD2r3mTBSpFKKSpGJJQsFEdQFJkPphkE59xhCVNl\" style=\"\">Foreign Ministry<\/a><\/span><span> said. <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da6b205d-d6d5-4aeb-a59a-6918312e9bb0\" style=\"\">CIB in January acquired<\/a><\/span><span style=\"font-weight:400;\"> 49% of Mayfair CIB for USD 40 mn, giving it full ownership of the Kenyan bank. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state grain buyer reportedly purchased 600k tons of grain<\/p>\n","protected":false},"author":1,"featured_media":585053,"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":[111,204,240,317,6539,72,6987,7115,157,131,83,6702,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-585052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-banking","tag-cib","tag-commodities","tag-egypt-russia-relations","tag-enterpriseam","tag-flex-pet","tag-healthcare","tag-heliopolis-housing-and-development","tag-manufacturing","tag-real-estate","tag-sczone","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"1e90f256-719d-44ac-b3dc-00f0b167fa3d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/400.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt buys more Russian wheat in int\u2019l tender. PLUS: Indian plastics maker Flex breaks ground on SCZone factory + Heliopolis Housing seeks Granada developers","related_issue":[585035],"teaser":"The state grain buyer reportedly purchased 600k tons of grain","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.7bc3e523-2d32-41ed-b557-b5602e0eb429.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t buys more Russian wheat in latest int\u2019l tender - 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\/2023\/04\/10\/govt-buys-more-russian-wheat-in-latest-intl-tender\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t buys more Russian wheat in latest int\u2019l tender\" \/>\n<meta property=\"og:description\" content=\"The state grain buyer reportedly purchased 600k tons of grain\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/govt-buys-more-russian-wheat-in-latest-intl-tender\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-10T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/400.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/govt-buys-more-russian-wheat-in-latest-intl-tender\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/govt-buys-more-russian-wheat-in-latest-intl-tender\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t buys more Russian wheat in latest int\u2019l tender\",\"datePublished\":\"2023-04-10T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/govt-buys-more-russian-wheat-in-latest-intl-tender\/\"},\"wordCount\":392,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/govt-buys-more-russian-wheat-in-latest-intl-tender\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/400.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"banking\",\"CIB\",\"commodities\",\"Egypt-Russia relations\",\"EnterpriseAM\",\"Flex PET\",\"healthcare\",\"Heliopolis Housing and Development\",\"Manufacturing\",\"real estate\",\"SCZone\",\"wheat\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/govt-buys-more-russian-wheat-in-latest-intl-tender\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/govt-buys-more-russian-wheat-in-latest-intl-tender\/\",\"name\":\"Gov\u2019t buys more Russian wheat in latest int\u2019l tender - 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Traders need to submit their bids directly to GASC by midday tomorrow.Thanks, World\u2026","rel":"","context":"In &quot;Commodities&quot;","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":572123,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/state-grain-buyer-gasc-has-purchased-120k-tonnes-of-russian-wheat\/","url_meta":{"origin":585052,"position":1},"title":"State grain buyer GASC has purchased 120k tonnes of Russian wheat","author":"enterpriseam admin","date":"11 June 2020","format":false,"excerpt":"State grain buyer GASC purchased yesterday 120k tonnes of Russian wheat, according to Reuters. 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 &quot;Basic Materials + Commodities&quot;","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":547784,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/","url_meta":{"origin":585052,"position":2},"title":"Egypt buys 444k tons of wheat directly from traders","author":"enterpriseam admin","date":"6 July 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/139.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547861,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/another-direct-wheat-purchase\/","url_meta":{"origin":585052,"position":3},"title":"Another direct wheat purchase?","author":"enterpriseam admin","date":"17 July 2022","format":false,"excerpt":"GASC bought 63k tons of German wheat directly from suppliers on 5 July, Reuters reported Thursday, citing anonymous sources. This is the same day that the state grain buyer was reported to have purchased 444k tons of Russian, French and Romanian wheat without issuing an international tender. The authority typically\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","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":547655,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/03\/gasc-makes-huge-wheat-buy-world-bank-approves-usd-500-mn-loan\/","url_meta":{"origin":585052,"position":4},"title":"GASC makes huge wheat buy + World Bank approves USD 500 mn loan","author":"enterpriseam admin","date":"3 July 2022","format":false,"excerpt":"State makes its biggest wheat buy in a decade as futures dip: State grain buyer GASC last week purchased 815k tons of wheat for shipment in August, September and October, state news agency MENA reports, citing the authority. The purchase of French, Romanian, Russian, and Bulgarian wheat in last Wednesday\u2019s\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/78.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577944,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/egypt-buys-more-russian-wheat\/","url_meta":{"origin":585052,"position":5},"title":"Egypt buys more Russian wheat","author":"enterpriseam admin","date":"11 December 2022","format":false,"excerpt":"COMMODITIES-State grains buyer GASC purchased 260k tons of Russian wheat directly from buyers at USD 354 per ton on a cost and freight basis, according to Agricensus. GASC made at least one other direct purchase of Russian wheat last month shortly after it canceled a tender due to high prices.TRADE-The\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","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\/2022\/12\/192.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\/585052","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=585052"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/585052\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/585035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/585053"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=585052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=585052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=585052"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=585052"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=585052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}