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
Ukraine harvest update: Corn 89% complete, sunflower seeds 93%
Saudi Arabia strengthens its position in global grain markets
Kazakhstan may limit potato exports due to crop failure in Russia
Port investments by China in Latin America are reshaping the soybean market
EU introduces “carbon border tax”
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon