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Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), said on Wednesday it had bought 360,000 tonnes of wheat in an international tender. The purchase comprised 180,000 tonnes of Russian wheat, 120,000 tonnes of Ukrainian wheat, and 60,000 of Romanian wheat, GASC said. The tender sought wheat for shipment between Dec. 1-10. Traders ...
RIYADH: Soaring wheat prices have led Egypt, the world's largest importer of the grain, to stop buying it, Bloomberg reported. The North African country imports vast amounts of grain to subsidize bread for its citizens, but has now canceled Tuesday’s wheat tender because of high prices. Offers came higher than usual, the country said. This is the fourth time this year that
U.S. wheat futures edged higher on Thursday for a second straight session, as strong buying by top importers, led by Egypt, supported prices. Soybeans firmed after closing lower on...
U.S. wheat futures rose on Thursday for a second straight session, as strong buying by top importers including Egypt supported prices. Soybeans firmed after closing lower on Wednesday. “Chicago price strength is driven by tightness in Black Sea supplies,” said Ole Houe, director of advisory services at brokerage IKON Commodities in Sydney. The most-active wheat ...
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