Egypt's state buyer GASC received sales offers from seven suppliers in an international tender to purchase wheat on Saturday, traders said. The lowest offer was $187.50 a tonne free on board for 60,000 tonnes of wheat sourced from Russia, they said. No purchase has yet been made and results are expected later on Saturday, traders said. Egypt, the world's largest wheat importer, is seeking to buy an unspecified amount of wheat for shipment between Feb. 15-25, 2017. The move comes after an intergovernmental feud over import regulations for wheat effectively cut Egypt off from global markets last year.

Source: Egypt Independent January 14, 2017 13:44 UTC