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
Geopolitics and Logistics Are Reshaping the Global Wheat Market
Increasing growth of GM crops in China is reducing the staleness of feed imports
Crude oil price fluctuations keep vegetable oil prices high
Surging fertilizer prices threaten global food security
Record global sunseed harvest is expected in the 2026/27 season – Oil World
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon