Egypt continues to buy Romanian wheat; 120,000 tonnes this time
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Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC), bought 175,000 tonnes of Romanian and Ukraine wheat in a tender.
Thus, of the total, Egypt bought 120,000 tonnes of Romanian wheat and 55,000 tonnes of Ukraine wheat, GASC vice chairman Mamdouh Abdel Fattah said. The wheat was purchased at an average price of USD 192.12 a tonne, cost and freight. The traders that have bought half the purchased quantity of Romanian wheat from Ameropa at USD 185.62 a tonne free-on-board (FOB) and USD 6.56 a tonne freight from Ameropa equating to USD 192.18 a tonne cost and freight (C&F).
The other 60,000 tonnes of Romanian wheat were bought from Swiss group Ameropa at USD 185.62 a tonne FOB and USD 6.56 a tonne freight from Ameropa equating to USD 192.18 a tonne C&F.
The world’s largest wheat importer has seen its enormous grain purchasing program disrupted this year by conflicting quality rules from two ministries concerning ergot, a common grain fungus.
Egypt is still the world’s largest wheat importer and the United Nations Food and Agriculture Organisation (FAO) estimates that the state will import during fiscal year 2015/2016 approximately 11 million tonnes of wheat, in line with the average level of imports last five years.
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