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Egypt’s GASC seeks wheat in tender, deadline for offers June 4

Egypt’s General Authority for Supply Commodities (GASC) has initiated an international tender for wheat, with a deadline of June 4. Offers, requested on a free-on-board (FOB) basis, are sought for shipments between July 5-15 and/or July 15-25. Suppliers are required to submit offers for payment via 270-day letters of credit. This move underscores Egypt’s ongoing efforts to secure its grain supply amidst global market dynamics.

CAIRO, June 3 (Reuters) -Egypt’s state grains buyer the General Authority for Supply Commodities (GASC) is seeking wheat in an international tender.

The deadline for offers is June 4. Offers should be submitted on a free-on-board (FOB) for shipment between July 5-15 and/or July 15 -25.

Suppliers were asked to submit offers for payment via 270-day letters of credit.

Source link: https://www.xm.com/research/markets/allNews/reuters/egypts-gasc-seeks-wheat-in-tender-deadline-for-offers-june-4-53852496

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