{"id":627850,"date":"2018-06-13T04:25:48","date_gmt":"2018-06-13T04:25:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/gasc-amends-wheat-terms-to-get-back-in-on-the-good-graces-of-global-wheat-traders\/"},"modified":"2018-06-13T04:25:48","modified_gmt":"2018-06-13T04:25:48","slug":"gasc-amends-wheat-terms-to-get-back-in-on-the-good-graces-of-global-wheat-traders","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/13\/gasc-amends-wheat-terms-to-get-back-in-on-the-good-graces-of-global-wheat-traders\/","title":{"rendered":"GASC amends wheat terms to get back in on the good graces of global wheat traders"},"content":{"rendered":"<p><strong>GASC amends wheat terms to get back in the good graces of global wheat traders: <\/strong>The General Authority for Supply Commodities (GASC) amended the terms of its global wheat import tenders ahead of Tuesday\u2019s international wheat tender, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1J80VW\">Reuters Arabic reports<\/a>. GASC reportedly reduced the cost of sieving to USD 2 per tonne from USD 3. The state grain buyer also reduced demurrage fees at Egypt's port to USD 10,000 per day for the first 10 days, from USD 12,000 for 12 days. Traders <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/04\/gasc-reduces-wheat-import-terms-in-last-tender\/\">have been complaining<\/a> of high demurrage fees, particularly as the sieving process, which reduces foreign contaminants, takes a long time. The changes also come as <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/10\/gasc-cancels-wheat-shipment-from-dubai-based-aos\/\">confusion over ergot policy over the past year<\/a> has raised the costs of buying wheat and caused disruptions in the supply.<\/p>\n<p><strong>How did the changes impact yesterday\u2019s tender?<\/strong> GASC received several offers for wheat, with the lowest offer put forth by traders coming in at USD 209.5 per tonne free-on-board (FOB) for Russian wheat, <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1TE3C8\">traders tell the newswire<\/a>. The lowest offer after accounting for shipping costs was USD 224.6 per tonne for 60,000 tonnes of Russian wheat and was presented by GTCS. GASC <a href=\"https:\/\/ara.reuters.com\/article\/ME_TOPNEWS_MORE\/idARAKBN1J825W\">ended up buying<\/a> a total of 420k tonnes, 300k tonnes from Russia and the rest from Romania.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GASC amends wheat terms to get back in the good graces of global wheat traders: The General Authority for Supply Commodities (GASC) amended the terms of its global wheat import tenders ahead of Tuesday\u2019s international wheat tender, Reuters Arabic reports. GASC reportedly reduced the cost of sieving to USD 2 per tonne from USD 3. [&hellip;]<\/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-627850","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cc414bf6-8f97-4ebd-9e3c-4d03f9554d5c","order":"0","is_powered_by":true,"section_story_id":"e5ae757b-6355-4c8d-9c53-9c50e4949ba6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627836],"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>GASC amends wheat terms to get back in on the good graces of global wheat traders - 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\/06\/13\/gasc-amends-wheat-terms-to-get-back-in-on-the-good-graces-of-global-wheat-traders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GASC amends wheat terms to get back in on the good graces of global wheat traders\" \/>\n<meta property=\"og:description\" content=\"GASC amends wheat terms to get back in the good graces of global wheat traders: The General Authority for Supply Commodities (GASC) amended the terms of its global wheat import tenders ahead of Tuesday\u2019s international wheat tender, Reuters Arabic reports. GASC reportedly reduced the cost of sieving to USD 2 per tonne from USD 3. 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The change was meant to calm wary suppliers, some of whom shunned recent state tenders after a\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":631777,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/our-broken-wheat-policy-may-cost-us-an-extra-egp-1-4-bn-this-year\/","url_meta":{"origin":627850,"position":1},"title":"Our broken wheat policy may cost us an extra EGP 1.4 bn this year","author":"enterpriseam admin","date":"27 March 2018","format":false,"excerpt":"Our broken wheat policy may cost us an extra EGP 1.4 bn this year: Egypt\u2019s General Authority for Supply Commodities (GASC), the world\u2019s largest wheat buyer. might be paying an extra EGP 1.4 bn on wheat imports this year as a result of \u201ccumbersome import requirements,\u201d according to a US\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":636268,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/28\/gasc-buys-180k-tonnes-of-russian-wheat-in-global-tender\/","url_meta":{"origin":627850,"position":2},"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 &quot;Speed Round&quot;","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":634246,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/agriculture-ministry-forms-committee-to-amend-agriculture-quarantine-regulations\/","url_meta":{"origin":627850,"position":3},"title":"Agriculture Ministry forms committee to amend agriculture quarantine regulations","author":"enterpriseam admin","date":"10 January 2018","format":false,"excerpt":"A step toward fixing our broken wheat policy? The Agriculture Ministry has formed a committee to amend agriculture quarantine regulations, Central Administration of the Agricultural Quarantine Authority sources tell Al Borsa. Members of the committee include the head of the authority, officials from the ministry, and representatives from various other\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":547962,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/gasc-scraps-wheat-tender-on-high-prices\/","url_meta":{"origin":627850,"position":4},"title":"GASC scraps wheat tender on high prices","author":"enterpriseam admin","date":"20 July 2022","format":false,"excerpt":"The General Authority For Supply Commodities (GASC) canceled its latest wheat tender yesterday, due to higher-than-expected prices, it said in astatement. The authority was seeking wheat from the US, Canada, Australia, Argentina or Brazil for delivery between September and November but faced paying at least USD 443 per ton after\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650420,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/wheat-import-rejections-drive-trader-ambivalence-to-new-import-regulations\/","url_meta":{"origin":627850,"position":5},"title":"Wheat import rejections drive trader ambivalence to new import regulations","author":"enterpriseam admin","date":"23 March 2017","format":false,"excerpt":"Traders raising wheat prices for Egypt after state wheat buyer nixes seven cargoes since January: The General Authority for Supply Commodities (GASC) issued preliminary rejections on seven cargoes of the grain since introducing new import rules in January, prompting many traders to raise prices at state tenders, five traders told\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627850","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=627850"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627850\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/627836"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=627850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=627850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=627850"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=627850"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=627850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}