Lowest offer in Egypt wheat tender $261/T, traders say
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The lowest free-on-board offer presented at an Egyptian state purchasing tender for wheat on Tuesday was $261 per metric ton for 60,000 tons of Ukrainian wheat, traders said.
The offer was presented by Nibulon.
Egypt’s state grains buyer the General Authority for Supply Commodities (GASC) is seeking wheat in an international purchasing tender.
The deadline for offers is Jan. 9. Suppliers were asked to submit offers for payment via both 180-day and 270-day letters of credit and GASC will choose between them.
Offers were requested to be on a free-on-board (FOB) basis for shipment Feb. 29- Mar. 11 and/or March 12-22.
No purchase had been made but tender results were expected later on Tuesday.
