The General Authority For Supply Commodities (GASC) has offered tender over buying unlimited amount of wheat from international exporters to be shipped between 15-28 February.
GASC Vice-Chief Mamdouh abdel Fattah seeks buying amounts of soft wheat or wheat flour or both from the US, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine or Romania.
The authority will be receiving the offers until Thursday noon. Results are expected to be announced the same day.
During the previous international bid on 11 January, GASC purchases 55,000 tons of red winter wheat from US to be shipped between 11-20 February, which is the first purchase from the US in 11 months.
The US wheat price declines over the past few weeks to be lower than other wheats. The difference was significant to cover the relatively high costs of shipment from US to Egypt.
Egypt usually imports around 10 million tons of wheat annually from international markets. It depends on a mixture of local and imported wheat to produce the subsidized bread on which Egyptians mainly rely.
The authority’s purchases represent around 5-5.5 million tons of the total.
