{"id":592427,"date":"2023-08-06T00:00:00","date_gmt":"2023-08-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/06\/egypt-buys-more-russian-wheat-as-moscow-mulls-mates-rates\/"},"modified":"2023-08-06T00:00:00","modified_gmt":"2023-08-06T00:00:00","slug":"egypt-buys-more-russian-wheat-as-moscow-mulls-mates-rates","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/06\/egypt-buys-more-russian-wheat-as-moscow-mulls-mates-rates\/","title":{"rendered":"Egypt buys more Russian wheat as Moscow mulls mates\u2019 rates"},"content":{"rendered":"

The price tag on our latest wheat tender: <\/strong>The latest purchase of imported wheat<\/a> by GASC \u2014 which took place last week \u2014 saw the state grains buyer paying Russian traders some USD 264 per ton, including freight, Bloomberg<\/a> reports. GASC bought 300k metric tons of wheat from Russia and another 60k metric tons from Romania during the international tender, according to Reuters<\/a>. <\/p>\n

Russia mulls preferential grain prices for friendly countries:<\/strong> Russia could lower duties on commodities exports, including grain and fertilizers, to \u201cfriendly\u201d nations, Bloomberg<\/a> quotes Russian Prime Minister Mikhail Mishustin as saying in a televised speech on Thursday. The move could target countries that have imposed sanctions on Moscow, the world\u2019s largest exporter of wheat and fertilizers. <\/p>\n

It\u2019s getting harder to buy Russian wheat in int\u2019l markets: <\/strong>US bank JPMorgan decided to slam the brakes on processing Russia\u2019s grain payments on Wednesday, Reuters<\/a> reports citing Russian officials. JP Morgan had previously handled some grain payments for Russia as part of the recently expired Black Sea grain pact.<\/p>\n

REMEMBER- <\/strong>Russia last month pulled out of the grain export pact<\/a> with Ukraine. Brokered by Turkey and the UN in July 2022, the agreement had enabled Ukraine to resume its grain exports via the Black Sea after a blockade by Russia<\/a> helped provoke a global food crisis. The renewed blockade is preventing Ukraine from shipping grains to food insecure countries in Africa, including Egypt, which is among the world\u2019s largest importers of wheat. Egypt was not among the six African countries to which Russian President Vladimir Putin last month promised to send free grain<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Russia is wielding its grain powerhouse status as a political tool<\/p>\n","protected":false},"author":1,"featured_media":592428,"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":[317,168,72,1095,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-commodities","tag-diplomacy","tag-enterpriseam","tag-russia-ukraine-war","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"55768b55-2300-469c-934c-aa5729c576b6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/210.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Egypt buys more Russian wheat as Moscow mulls cheaper grain for \u201cfriendly\u201d countries","related_issue":[592412],"teaser":"Russia is wielding its grain powerhouse status as a political tool","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.8b9559ef-f5d3-43a9-afed-cb3a76d6612f.mp3"},"yoast_head":"\nEgypt buys more Russian wheat as Moscow mulls mates\u2019 rates - 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The purchase of French, Romanian, Russian, and Bulgarian wheat in last Wednesday\u2019s\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\/78.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":592427,"position":1},"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":605733,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/05\/big-wheat-buy\/","url_meta":{"origin":592427,"position":2},"title":"Big wheat buy","author":"enterpriseam admin","date":"5 September 2023","format":false,"excerpt":"GASC procures Russian wheat for USD 270 a ton","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\/9\/113.jpg?fit=%2C&ssl=1&resize=350%2C200","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":592427,"position":3},"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":559764,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/could-france-soon-replace-russia-as-our-prime-wheat-supplier\/","url_meta":{"origin":592427,"position":4},"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":549103,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/04\/another-russian-wheat-shipment-secured\/","url_meta":{"origin":592427,"position":5},"title":"Another Russian wheat shipment secured","author":"enterpriseam admin","date":"4 September 2022","format":false,"excerpt":"State grain buyer GASC has secured 120k tons of Russian wheat directly from suppliers for delivery in November at USD 340 per ton, traders told Agricensus. The buy marks GASC\u2019s second direct purchase from Russia in as many weeks, as the state appears to pivot away from public tenders 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\/2022\/9\/109.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\/592427","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=592427"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592427\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/592412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/592428"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=592427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=592427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=592427"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=592427"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=592427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}