UPDATE: Egypt’s GASC books 175k mt milling wheat privately at $361/mt

24 Nov 2022 | Tim Worledge

Egypt’s state-backed grain importing agency has picked up four cargoes of Black Sea milling wheat at $361/mt after concluding a private buying tender, trade sources have told Agricensus Thursday.

The General Authority of Supply Commodities booked three cargoes of Russian wheat and one cargo of Ukrainian at the same price level, according to traders, with shipment windows stretching from December through to January.

For the two Russian wheat cargoes, one was for January 1-15 and the second for January 16-30 2023, with both positions for 40,000 mt at $361/mt from the company GTCS.

Solaris also managed to sell 60,000 mt of Russian wheat for January 10-31 period. 

The other position booked was for 35,000 mt of Ukrainian wheat for December 1-31 shipment , sold by CHS.

The trade value was $1/mt above the assessed value of the Agricensus delivered North Africa wheat price, which was assessed at $360/mt.

For more information on recent Egyptian buying, please see our Tender


UPDATE: The article was updated with additional Solaris' sale of 60,000 mt Russian wheat