Egypt issued a wheat purchase tender – already the second one this week 16 April, 2020 at 14:04

Today, April 16, 2020, GASC will hold a milling wheat tender for delivery on May 21 - June 5, 2020.

According to the new terms, the wheat will be paid for with “at sight” letters of credit, which guarantee immediate payment on receipt of various shipment documents. Deferred payments of 180 days were practiced before.

As a reminder, in the last tender of April 14, 2020, Egypt purchased 120 KMT of wheat from Russia at an average price of USD 250.98/MT C&F for delivery on May 21 – June 5, 2020.