{"id":625405,"date":"2018-08-05T04:14:17","date_gmt":"2018-08-05T04:14:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender\/"},"modified":"2018-08-05T04:14:17","modified_gmt":"2018-08-05T04:14:17","slug":"egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender\/","title":{"rendered":"Egypt purchases wheat at record-high prices of over USD 250 a tonne in Thursday tender"},"content":{"rendered":"

Egypt purchases wheat at record-high prices of over USD 250 a tonne in Thursday tender: <\/strong>The General Authority for Supply Commodities (GASC) purchased 240k tonnes of Russian and Romanian wheat in an international tender on Wednesday<\/a> at record high prices of over USD 250 a tonne, traders tell Reuters<\/a>. The steeper offers came from Russia\u2019s GTCS and Romania\u2019s Ameropa for 60,000 tonnes each at USD 254.46 and USD 253.56 a tonne, respectively, including shipping costs. GASC also purchased 60,000 tonnes each from Russia\u2019s Posco Daewoo at USD 253.25 a tonne, and Russia\u2019s Aston at USD 251.96 a tonne. The wheat is scheduled for 11-20 September delivery.<\/p>\n

Wheat prices spiked last week to a three-year high <\/strong>before dropping again, after Ukraine hinted at the possibility of setting export limits as a way of mitigating the impact of a drought in Europe and the Black Sea region, Bloomberg said<\/a>. Egypt had made its most expensive wheat purchase since 2015 late last month<\/a>, paying an average USD 235.65 per tonne. Wheat prices are expected to climb even higher as Russian production falls for the first time in six years and as crops in France, Germany and the Baltic countries also get smaller. Egypt also faces the risk of attracting fewer offers for its tenders<\/a>Dutch lender ING Groep reportedly decided to halt lending for wheat shipments sold to GASC, citing late payments as the reason.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt purchases wheat at record-high prices of over USD 250 a tonne in Thursday tender: The General Authority for Supply Commodities (GASC) purchased 240k tonnes of Russian and Romanian wheat in an international tender on Wednesday at record high prices of over USD 250 a tonne, traders tell Reuters. The steeper offers came from Russia\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":625406,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"516cf7f1-bf2b-4773-a8f2-53e24b95786a","order":"0","is_powered_by":true,"section_story_id":"29c7745c-3902-4022-a16f-86fd636c1a28","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/8\/1179.jpg","photo_position":"above","related_issue":[625392],"teaser":"","voice_url":""},"yoast_head":"\nEgypt purchases wheat at record-high prices of over USD 250 a tonne in Thursday 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\/2018\/08\/05\/egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt purchases wheat at record-high prices of over USD 250 a tonne in Thursday tender\" \/>\n<meta property=\"og:description\" content=\"Egypt purchases wheat at record-high prices of over USD 250 a tonne in Thursday tender: The General Authority for Supply Commodities (GASC) purchased 240k tonnes of Russian and Romanian wheat in an international tender on Wednesday at record high prices of over USD 250 a tonne, traders tell Reuters. The steeper offers came from Russia\u2019s […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-05T04:14:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1179.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\/2018\/08\/05\/egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt purchases wheat at record-high prices of over USD 250 a tonne in Thursday tender\",\"datePublished\":\"2018-08-05T04:14:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender\/\"},\"wordCount\":239,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/8\/1179.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/egypt-purchases-wheat-at-record-high-prices-of-over-usd-250-a-tonne-in-thursday-tender\/\",\"name\":\"Egypt purchases wheat at record-high prices of over USD 250 a tonne in Thursday tender - 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Traders tell Reuters that the lowest offer GASC received in the tenders was USD 230.99 per tonne FOB for the shipment due\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":626068,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/29\/gasc-purchases-350k-tonnes-of-russian-ukrainian-wheat-for-october-delivery\/","url_meta":{"origin":625405,"position":1},"title":"GASC purchases 350k tonnes of Russian, Ukrainian wheat for October delivery","author":"enterpriseam admin","date":"29 August 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 350k tonnes of Russian and Ukrainian wheat in an international tender yesterday, Reuters\u2019 Arabic service reports. GASC reportedly paid an average USD 241.31 per tonne, sources told Agri Census (paywall). The bill is 4% lower than the record USD 250 per tonne\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":553373,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/egypt-may-have-just-made-its-biggest-ever-wheat-purchase\/","url_meta":{"origin":625405,"position":2},"title":"Egypt may have just made its biggest-ever wheat purchase","author":"enterpriseam admin","date":"1 December 2021","format":false,"excerpt":"Egypt buys the wheat dip: Egypt\u2019s state-owned grains buyer has taken advantage of a dip in wheat prices to purchase what sources tell Agricensus could be the country\u2019s largest-ever tender. GASC bought 600k tonnes of wheat on Monday, securing heavy discounts from traders as wheat futures fell, according to the\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\/12\/197.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636268,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/28\/gasc-buys-180k-tonnes-of-russian-wheat-in-global-tender\/","url_meta":{"origin":625405,"position":3},"title":"GASC buys 180k tonnes of Russian wheat in global tender","author":"enterpriseam admin","date":"28 December 2017","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 180k tonnes of Russian wheat in an international tender yesterday. GASC refused to disclose additional detail on the transaction, but traders tell Reuters\u2019 Arabic service that the authority purchased 120k tonnes at a total cost of USD 207.5 per tonne and another\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":627196,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/a-drought-in-europe-and-the-black-sea-could-see-egypt-pay-more-for-imported-wheat\/","url_meta":{"origin":625405,"position":4},"title":"A drought in Europe and the Black Sea could see Egypt pay more for imported wheat","author":"enterpriseam admin","date":"25 July 2018","format":false,"excerpt":"A drought across the Europe and the Black Sea region will force Egypt to pay a higher price for new wheat imports, Gianlucca De Paoli writes for Bloomberg. The General Authority for Supply Commodities (GASC) purchased yesterday 420k tonnes of Russian, Ukrainian, and Romanian wheat, according to Reuters\u2019 Arabic service.\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":624611,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/13\/wheat-import-prices-begin-to-ease-up-for-gasc\/","url_meta":{"origin":625405,"position":5},"title":"Wheat import prices begin to ease up for GASC","author":"enterpriseam admin","date":"13 September 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 235k tonnes of Russian wheat in an international tender yesterday, according to Reuters\u2019 Arabic service. The lowest offer received in a tender for 55,000 tonnes of wheat was USD 222.70 per tonne FOB from trading firm Daewoo, traders tell Reuters. The shipment\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625405","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=625405"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625405\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/625406"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625405"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625405"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}