{"id":651965,"date":"2017-02-26T04:11:08","date_gmt":"2017-02-26T04:11:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/gasc-buys-360k-tonnes-of-wheat-from-russia-ukraine-looks-forward-to-bumper-domestic-harvest\/"},"modified":"2017-02-26T04:11:08","modified_gmt":"2017-02-26T04:11:08","slug":"gasc-buys-360k-tonnes-of-wheat-from-russia-ukraine-looks-forward-to-bumper-domestic-harvest","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/gasc-buys-360k-tonnes-of-wheat-from-russia-ukraine-looks-forward-to-bumper-domestic-harvest\/","title":{"rendered":"GASC buys 360k tonnes of wheat from Russia, Ukraine; looks forward to bumper domestic harvest"},"content":{"rendered":"

Egypt and Algeria could see their domestic wheat harvests swell 25% more this year than last <\/strong>if favourable weather projections hold, Bloomberg reports<\/a>, noting, \u201cThat means imports from the region could drop from a record high to a three-year low, according to Chicago-based researcher AgResource Co. \u2026 While global demand for wheat has never been bigger, output has risen even faster, and prices have plunged for four straight years.\u201d<\/p>\n

The suggestion comes as state grain buyer General Authority for Supply Commodities (GASC), the world\u2019s largest buyer of wheat, bought 360k tonnes of wheat from international markets<\/strong>, traders told Reuters<\/a>. Broken down, GASC bought 300k tonnes of Russian wheat and 60k tonnes from Ukraine. This comes as Egypt finalized its rejection of 18,000 tonnes of Russian wheat that had originally been seized in November, saying it is unfit for human consumption due to the large number of insects found at the storage site in Dekheila port, Al Mal<\/a> reports. The shipment will be returned to Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt and Algeria could see their domestic wheat harvests swell 25% more this year than last if favourable weather projections hold, Bloomberg reports, noting, \u201cThat means imports from the region could drop from a record high to a three-year low, according to Chicago-based researcher AgResource Co. \u2026 While global demand for wheat has never been […]<\/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-651965","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fb77759c-6897-4420-8a84-7abf9dbd4c98","order":"0","is_powered_by":true,"section_story_id":"a749bbf4-dec7-49f8-8cf1-c0efd5505a55","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651955],"teaser":"","voice_url":""},"yoast_head":"\nGASC buys 360k tonnes of wheat from Russia, Ukraine; looks forward to bumper domestic harvest - 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\/2017\/02\/26\/gasc-buys-360k-tonnes-of-wheat-from-russia-ukraine-looks-forward-to-bumper-domestic-harvest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GASC buys 360k tonnes of wheat from Russia, Ukraine; looks forward to bumper domestic harvest\" \/>\n<meta property=\"og:description\" content=\"Egypt and Algeria could see their domestic wheat harvests swell 25% more this year than last if favourable weather projections hold, Bloomberg reports, noting, \u201cThat means imports from the region could drop from a record high to a three-year low, according to Chicago-based researcher AgResource Co. \u2026 While global demand for wheat has never been […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/gasc-buys-360k-tonnes-of-wheat-from-russia-ukraine-looks-forward-to-bumper-domestic-harvest\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-26T04:11:08+00:00\" \/>\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\/2017\/02\/26\/gasc-buys-360k-tonnes-of-wheat-from-russia-ukraine-looks-forward-to-bumper-domestic-harvest\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/gasc-buys-360k-tonnes-of-wheat-from-russia-ukraine-looks-forward-to-bumper-domestic-harvest\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GASC buys 360k tonnes of wheat from Russia, Ukraine; 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Egypt has been relying less of Russian wheat, which accounted for\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"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":651965,"position":1},"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 "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":651703,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/360k-tonnes-of-wheat-imported-from-russia-ukraine-and-romania\/","url_meta":{"origin":651965,"position":2},"title":"360k tonnes of wheat imported from Russia, Ukraine and Romania","author":"enterpriseam admin","date":"19 February 2017","format":false,"excerpt":"GASC has purchased 360k tonnes of wheat from Russia, Ukraine and Romania for delivery in 16-25 March, Al Borsa reports.","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":574560,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/14\/egypt-imports-6-6-mn-tonnes-of-wheat-in-2020-gasc-acquires-51-of-imported-wheat\/","url_meta":{"origin":651965,"position":3},"title":"Egypt imports 6.6 mn tonnes of wheat in 2020, GASC acquires 51% of imported wheat","author":"enterpriseam admin","date":"14 September 2020","format":false,"excerpt":"State grain buyer GASC and private sector firms imported a combined 6.6 mn tonnes of wheat so far this year, the local press reports. The news comes after the government looked to shore up its strategic reserves in the wake of threats to the global market from covid-19. GASC accounted\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":572123,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/state-grain-buyer-gasc-has-purchased-120k-tonnes-of-russian-wheat\/","url_meta":{"origin":651965,"position":4},"title":"State grain buyer GASC has purchased 120k tonnes of Russian wheat","author":"enterpriseam admin","date":"11 June 2020","format":false,"excerpt":"State grain buyer GASC purchased yesterday 120k tonnes of Russian wheat, according to Reuters. The shipment will bring Egypt\u2019s total wheat imports during the local harvest season to 600k tonnes, inching the country closer towards its 800k tonne target.","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":555301,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/09\/russia-hikes-wheat-prices-on-high-egyptian-demand\/","url_meta":{"origin":651965,"position":5},"title":"Russia hikes wheat prices on high Egyptian demand","author":"enterpriseam admin","date":"9 November 2021","format":false,"excerpt":"Egypt\u2019s wheat binge is putting further pressure on food prices abroad: Prices of Russian wheat notched new highs last week amid increased demand from Egypt, one of its biggest customers and the world\u2019s biggest wheat importer, Reuters reports.Egypt has been on a buying-spree: State commodities buyer GASC bought 180k tonnes\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\/378.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\/651965","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=651965"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651965\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/651955"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=651965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=651965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=651965"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=651965"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=651965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}