GASC Egypt secures 235,000 tons of Russian wheat

According to a statement by the Ministry of Supply and Internal Trade, the General Authority for Supply Commodities, GASC, secured a purchase of 235,000 tons of Russian wheat. 

The quantity will be delivered in two batches; the first batch, 175,000 tons, is set to arrive in Egypt around September 15 to 30, followed by the second batch, 60,000 tons, which is scheduled for October 1 to 15.

Although this is a trade deal with the largest wheat producers, only four trading houses presented offers for GASC, which is a considerably low number of tenders. The reason could be associated with the Ukrainian-Russian unrest.