Egypt's GASC buys 60,000 tonnes of wheat from France

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had bought 60,000 tonnes of wheat from France in a tender for shipment on December 21-31.

Egypt, the world's biggest state importer of wheat, bought from grain group Soufflet at a price of $259.87 a tonne on a cost and freight basis, Mamdouh Abdel Fattah, vice chairman of the state grain buyer said.

The price was $243.74 free on board (FOB) plus $16.13 freight, traders said.

Egypt's last wheat purchase was announced on November 5, when it bought 235,000 tonnes of French and Ukrainian wheat in a tender for shipment on December 11-20.