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.
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
Registration for BLACK SEA GRAIN.KYIV goes on – join with Early Ticket by Ja...
Dry weather hits Argentina’s corn crop
Spain cuts orange supplies due to low harvest
Oilseed processing in Ukraine has reached its peak in recent years thanks to expor...
China Updates Registration Rules for Foreign Food Manufacturers
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon