Black Sea Wins Egypt’s Wheat Tender Amid French Crop Worries
- Egypt bought 180,000 tons of Russian, Ukrainian wheat: GASC
- French crops are in worst shape in five years after flooding
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Egypt bought 180,000 tons of wheat from the Black Sea region in this season’s first tender as traders refrained from offering French grain amid concern about this year’s crop quality.
The world’s largest grain buyer purchased 120,000 metric tons from Russia and 60,000 tons from Ukraine, according to the state-run General Authority for Supply Commodities, or GASC. No French wheat was offered. The nation got offers from 13 companies, more than double from earlier this year, when uncertainty over the quality accepted led traders to pull out from Egyptian tenders.