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Egypt buys 240,000 T French, Canadian wheat.

Egypt, the world's largest wheat importer, has bought 240,000 tonnes of French and Canadian wheat for December 1 to10 shipment on a free-on-board basis, the main government wheat buyer said.

Nomani Nomani, vice chairman of the General Authority for Supply Commodities (GASC), gave the following breakdown of the purchases: 120,000 T of French wheat from Bunge at $284.50/tonne, with freight costs of $25.33 per tonne; 60,000 T of French wheat from Venus at $285/tonne, with freight costs at $26.70; 60,000 T of Canadian wheat from Louis Dreyfus at $275.50/tonne, with freight costs of $35.89.

Since the start of the 2010/11 fiscal year on July 1, GASC has purchased about 2.35 million tonnes of French, US and Canadian wheat.

In the fiscal year ended June 30, GASC purchased 5.53 million tonnes of US, French, Russian, German, Kazakh and Canadian wheat at international tenders.- Reuters

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Publication:TradeArabia (Manama, Bahrain)
Date:Oct 3, 2010
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