Egypt’s GASC has sold around 300,000 T of wheat via new commodities exchange
Egypt’s state grains buyer the General Authority for Supply Commodities (GASC) has sold around 300,000 tonnes of wheat via the new Egyptian Mercantile Exchange since its November launch, the exchange head Ibrahim Ashmawy said on Monday.
The wheat was mostly of Russian origin with some German wheat also sold, Ashmawy told Reuters.
GASC said last November it will be able to make international wheat purchases through the newly launched exchange, which is also aimed at eliminating local price distortions.
Read also
Russian grain trader files lawsuit against new Syrian government
Winter wheat and spring barley harvesting has begun in France
BLACK SEA OIL TRADE-2025: New Rules, Old Risks – How Grains & Oils Will...
Three Ukrainian regions have begun harvesting
South Korean mills purchased 32,000 T of wheat from the US
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon