Egypt Agrees to Buy 240,000 Tons of Russian Wheat in Tender
By Ola Galal -
2011-09-22T15:34:48Z
Egypt, the world’s biggest wheat importer, agreed to purchase 240,000 metric tons of soft Russian wheat at a tender today, Nomani Nomani, the vice chairman of the General Authority for Supply Commodities, said in Cairo.
The authority, also known as GASC, bought 60,000 tons of the grain at $261.44 a ton from Louis Dreyfus, 60,000 tons at $263.25 a ton from Aston, 60,000 tons at $263.25 from Nidera International and 60,000 tons at $263.25 a ton from Bunge Ltd., Nomani said.
The grain, which was bought on a free-on-board basis, is for shipment Dec. 11-20, he added.
To contact the reporter on this story: Ola Galal at ogalal@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net
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