Egypt's main government wheat buyer said it bought 110,000 tonnes of US and Russian wheat for shipment between Nov 1 and Nov 15.
Said el-Hefny, vice chairman of the General Authority for Supply Commodities (GASC), gave the following breakdown of the purchases (all FOB): 55,000 tonnes of US soft red winter wheat from Perdue at $194.84/tonne; and two cargoes each of 27,500 tonnes of Russian wheat from Horus at $203/tonne.
Egypt is one of the world's leading wheat importers and has already bought 2.4 million tonnes of wheat in the fiscal year that began on July 1, much of it of Russian or Ukrainian origin.
GASC bought roughly 6.5 million tonnes of foreign wheat in the previous fiscal year, mostly from Russia, the United States and Kazakhstan, with smaller quantities from France and Canada. - Reuters