Bloomberg News

Egypt Buys 240,000 Metric Tons of Argentinian, Russian Wheat

December 06, 2011

(Updates with details of purchase in second paragraph.)

Dec. 6 (Bloomberg) -- Egypt, the world’s biggest wheat importer, bought 240,000 metric tons of Argentinian and Russian wheat at a tender today, Nomani Nomani, the vice chairman of the General Authority for Supply Commodities, said in Cairo.

The authority, also known as GASC, bought 60,000 tons of Argentinian wheat at $219.70 a ton from Glencore International Plc and two 60,000-ton cargoes of the same type of grain from Nidera Inc. and Glencore respectively at $221.69 a ton, Nomani said.

GASC also purchased a 60,000-ton cargo of Russian grain from Noble at $244.50 a ton, he said.

The wheat, bought on a free-on-board basis, is for Feb. 20 to Feb. 29 shipment.

--Editors: John Deane, Antony Sguazzin

To contact the reporter on this story: Ola Galal in Cairo at ogalal@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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