{"id":627196,"date":"2018-07-25T04:06:55","date_gmt":"2018-07-25T04:06:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/a-drought-in-europe-and-the-black-sea-could-see-egypt-pay-more-for-imported-wheat\/"},"modified":"2018-07-25T04:06:55","modified_gmt":"2018-07-25T04:06:55","slug":"a-drought-in-europe-and-the-black-sea-could-see-egypt-pay-more-for-imported-wheat","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/a-drought-in-europe-and-the-black-sea-could-see-egypt-pay-more-for-imported-wheat\/","title":{"rendered":"A drought in Europe and the Black Sea could see Egypt pay more for imported wheat"},"content":{"rendered":"

<\/a> A drought across the Europe and the Black Sea region will force Egypt to pay a higher price for new wheat imports,<\/strong> Gianlucca De Paoli writes for Bloomberg<\/a>. The General Authority for Supply Commodities (GASC) purchased yesterday 420k tonnes of Russian, Ukrainian, and Romanian wheat, according to Reuters\u2019 Arabic service<\/a>. The lowest price presented at yesterday\u2019s tender was USD 217.95 per tonne from Russia\u2019s GTCS \u2014 USD 14 higher per tonne than what GASC paid for its last shipment at USD 234.26 a tonne including freight, Bloomberg says. \u201cEgypt paid an average USD 220.25 a tonne for 175k tonnes of Russian wheat in the last tender on July 10,\u201d according to the business information service, which claims that the second-lowest offer of USD 235.66 per tonne came from Daewoo.<\/p>\n

Traders do see an opportunity to flex, but acknowledge that it could be a short term problem for the time being.<\/strong> \u201cEgypt will have to pay more,\" BGC Partners\u2019 Pierre Tronc said before the offers were presented. \"It is just a question of price. I don\u2019t see supply being a problem.\" He added that \u201cRussia will probably continue to dominate Egypt\u2019s wheat tenders.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

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. The lowest price presented at […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-627196","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"69da7257-e94b-47ee-aef1-b3ea86f2daee","order":"0","is_powered_by":true,"section_story_id":"c3593bc1-dac9-4c92-b9dd-0fe795bbd7d2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627183],"teaser":"","voice_url":""},"yoast_head":"\nA drought in Europe and the Black Sea could see Egypt pay more for imported wheat - 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\/07\/25\/a-drought-in-europe-and-the-black-sea-could-see-egypt-pay-more-for-imported-wheat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A drought in Europe and the Black Sea could see Egypt pay more for imported wheat\" \/>\n<meta property=\"og:description\" content=\"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. 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The\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\/2018\/8\/1179.jpg?fit=%2C&ssl=1&resize=350%2C200","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":627196,"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":555103,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/02\/more-inflation-ahead-as-wheat-prices-continue-to-rise\/","url_meta":{"origin":627196,"position":2},"title":"More inflation ahead as wheat prices continue to rise","author":"enterpriseam admin","date":"2 November 2021","format":false,"excerpt":"Wheat prices rise again in fresh tender: Egypt has seen the price of Russian wheat rise another 1.5% in just a few days as its state grain buyer issued its second international tender in less than a week. The General Authority for Supply Commodities (GASC) yesterday purchased 180k tonnes of\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\/11\/284.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643132,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/gasc-purchases-295k-tonnes-of-russian-romanian-wheat\/","url_meta":{"origin":627196,"position":3},"title":"GASC purchases 295k tonnes of Russian, Romanian wheat","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 295k tonnes of wheat yesterday, of which 235k tonnes came from Russia and 60k tonnes from Ukraine, Reuters reports. 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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":624611,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/13\/wheat-import-prices-begin-to-ease-up-for-gasc\/","url_meta":{"origin":627196,"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. 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