Egypt Purchases 420,000 Tons of Russian Wheat at Tender
Egypt, the world’s biggest wheat importer, bought 420,000 metric tons of the grain grown in Russia at a tender.
The state-run General Authority for Supply Commodities purchased a 60,000-ton cargo from Allegrow at $277.77 a ton and another of equal size from El Etihad at $278.44 a ton, Vice Chairman Nomani Nomani said by telephone. It also bought four 60,000-ton cargoes from Louis Dreyfus at $278.44 a ton and a seventh shipment of that size from Cargill at $278.95 a ton.
The wheat, which was purchased without the cost of freight, is for shipment from Nov. 21 to Nov. 30 and Dec. 1 to Dec. 10, Nomani said.
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