Egypt's GASC cancels wheat tender

Egypt's main government wheat buyer said on Friday that it had cancelled a tender to purchase wheat. Said el-Hefny, vice chairman of the General Authority for Supply Commodities (GASC) did not give a reason for the cancellation.
GASC said on Thursday it wanted to buy 55,000 to 60,000 tonnes of US, French, Australian, Canadian, German, Argentine and/or Kazakhstan wheat for shipment January 5-20. The tender was GASC's fourth this month, each time on a Tuesday or Thursday. In the previous three tenders, GASC bought a total of 205,000 tonnes of Russian wheat.
Since the start of the fiscal year on July 1, Egypt has bought at least 3.90 million tonnes of wheat - 2.11 million tonnes from Russia, 1.73 million tonnes from the United States and 60,000 tonnes from Canada. Egypt is one of the world's leading wheat importers, usually buying more than 6 million tonnes a year.