{"id":600476,"date":"2019-01-30T04:19:28","date_gmt":"2019-01-30T04:19:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms\/"},"modified":"2019-01-30T04:19:28","modified_gmt":"2019-01-30T04:19:28","slug":"egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms\/","title":{"rendered":"Egypt\u2019s GASC purchases 360k of wheat in first tender under new payment terms"},"content":{"rendered":"<p>The General Authority for Supply Commodities (GASC) purchased 180k tonnes of French and 180k tonnes of Romanian wheat yesterday in Egypt\u2019s first wheat tender under <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/22\/gasc-to-change-payment-terms-to-at-sight-lcs-for-egypts-wheat-tenders\/\">new payment terms<\/a>, reports <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKCN1PN2BC\">Reuters\u2019 Arabic service<\/a>. GASC paid an average price USD 2.14 lower than the price it paid three weeks ago, <a href=\"https:\/\/www.agricensus.com\/Article\/Wheat-commentary-EU-back-as-GASC-buys-French-Romanian-4971.html\">according to Agri Census (paywall)<\/a>, confirming <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-01-29\/wheat-market-focus-on-first-egypt-tender-with-new-payment-terms\">expectations<\/a> that the new payment terms, which now enable suppliers to be paid immediately rather than within 180 days, are going to lower offers and encourage participation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The General Authority for Supply Commodities (GASC) purchased 180k tonnes of French and 180k tonnes of Romanian wheat yesterday in Egypt\u2019s first wheat tender under new payment terms, reports Reuters\u2019 Arabic service. GASC paid an average price USD 2.14 lower than the price it paid three weeks ago, according to Agri Census (paywall), confirming expectations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":600477,"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":[9309],"tags":[2416,317,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"488c40f7-2674-41fb-9511-1f056cba03b3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/1\/1615.jpg","photo_position":"above","related_issue":[600438],"teaser":"","voice_url":""},"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>Egypt\u2019s GASC purchases 360k of wheat in first tender under new payment terms - 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\/2019\/01\/30\/egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s GASC purchases 360k of wheat in first tender under new payment terms\" \/>\n<meta property=\"og:description\" content=\"The General Authority for Supply Commodities (GASC) purchased 180k tonnes of French and 180k tonnes of Romanian wheat yesterday in Egypt\u2019s first wheat tender under new payment terms, reports Reuters\u2019 Arabic service. GASC paid an average price USD 2.14 lower than the price it paid three weeks ago, according to Agri Census (paywall), confirming expectations [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-30T04:19:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/1615.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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s GASC purchases 360k of wheat in first tender under new payment terms\",\"datePublished\":\"2019-01-30T04:19:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms\/\"},\"wordCount\":94,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/1615.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Basic Materials + Commodities\",\"commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/egypts-gasc-purchases-360k-of-wheat-in-first-tender-under-new-payment-terms\/\",\"name\":\"Egypt\u2019s GASC purchases 360k of wheat in first tender under new payment terms - 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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 &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":622616,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/gasc-purchases-180k-tonnes-of-russian-wheat\/","url_meta":{"origin":600476,"position":1},"title":"GASC purchases 180k tonnes of Russian wheat","author":"enterpriseam admin","date":"8 October 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 180k tonnes of Russian wheat in an international tender on Thursday, according to Reuters\u2019 Arabic service. Traders tell Reuters that the lowest offer GASC received in the tender was USD 233.95 per tonne FOB from Daewoo. The wheat is scheduled for delivery\u2026","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":645969,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/01\/gasc-buys-180k-tonnes-of-russian-romanian-wheat\/","url_meta":{"origin":600476,"position":2},"title":"GASC buys 180k tonnes of Russian, Romanian wheat","author":"enterpriseam admin","date":"1 June 2017","format":false,"excerpt":"GASC bought 180,000 tonnes of Russian and Romanian wheat in a purchase tender on Wednesday, Reuters reports.","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":623284,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/gasc-to-launch-next-international-wheat-tender-in-two-weeks-time\/","url_meta":{"origin":600476,"position":3},"title":"GASC to launch next international wheat tender in two weeks\u2019 time","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) could be issuing a new wheat tender next month, S&P Global says. Egypt\u2019s current consumption rate will require the country to return to the market soon, despite the Supply Ministry saying earlier this month that strategic reserves are sufficient to cover consumption until\u2026","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":601223,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/gasc-purchases-360k-tonnes-of-wheat\/","url_meta":{"origin":600476,"position":4},"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 &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":573528,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/egypts-gasc-receives-record-number-of-offers-in-wheat-tender\/","url_meta":{"origin":600476,"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 &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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600476","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=600476"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600476\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/600477"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600476"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600476"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}