Egypt's GASC buys another 120k mt of Russian wheat in private deal

1 Sep 2022 | Masha Belikova

Egypt's state grain importer General Authority Supply Commodities (GASC) has booked 120,000 mt of Russian wheat for November 1-10 shipment within a private deal, after passing on a purchase earlier this week, trade sources have told Agricensus.

GASC paid $340/mt CFR Egypt for two panamax cargoes to Solaris.

The latest purchase that has been reported done by GASC was on August 23, when 240,000 mt of Russian wheat were booked for September 20- November 11 at $368/mt from GTCS.

So far, GASC has booked 2.85 million mt for the 2022/23 marketing year, more than double the volume Egypt booked at the same stage last year.

That figure included 1.56 million mt of wheat bought outside of tender.

Details of previous GASC buying can be found on the Agricensus Tender Dashboard.