DHABI/CAIRO: Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), received nine offers from seven companies at its wheat tender on Tuesday, traders said.
The lowest offer was at $177.77 per tonne free-on-board for 60,000 tonnes of Russian wheat and was presented by Union company, traders said.
GASC held the tender to buy an unspecified amount of wheat from global suppliers for shipment from Nov. 1-10.
The tender is the second since Egypt lifted a controversial ban on the common grains fungus ergot in shipments that had all but blocked its access to global grains.
Traders said that premiums were lower than at the previous tender, down to about $5-$7 from at least $10 at GASC's purchase last month.
Results are expected later on Tuesday.
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