# Wheat suppliers allowed to submit shipment bids to GASC

> Egypt's state buyer GASC now allows wheat suppliers to bid directly and submit guarantees, under a tender book amendment seen by Reuters. The change follows GASC cancelling a wheat tender that drew only three offers because freight rates had risen with oil prices.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: policy · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/46467-wheat-suppliers-allowed-to-submit-shipment-bids-to-gasc
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Looser shipping requirements aim to lower freight costs and attract more offers for Egyptian wheat tenders, which could ease pressure on wheat import prices.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-10 | [U.S. Wheat Associates Submits Comments on International Trade Barriers to USTR - U.S. Wheat Associates](https://feedsoft.ai/events/50114-u-s-wheat-associates-submits-comments-on-international-trade-barriers-to-ustr-u.md) | -2.8% | +2.5% |
| WHEAT | 2017-09-20 | [Corn, soy, wheat groups applaud bill to ... \| U.S. Senator Joni Ernst](https://feedsoft.ai/events/68962-corn-soy-wheat-groups-applaud-bill-to-u-s-senator-joni-ernst.md) | -6.6% | +3.5% |
| WHEAT | 2023-11-06 | [India to review export bans on wheat & rice, aims to fill shortfall in Kharif procurement - CNBC TV18](https://feedsoft.ai/events/33135-india-to-review-export-bans-on-wheat-and-rice-aims-to-fill-shortfall-in-kharif.md) | -1.9% | -0.6% |
| WHEAT | 2024-06-24 | [India imposes limits on wheat stocks, may turn to imports if required](https://feedsoft.ai/events/29726-india-imposes-limits-on-wheat-stocks-may-turn-to-imports-if-required.md) | -6.8% | -2.9% |
| WHEAT | 2026-03-07 | [Government fixes wheat procurement target at 30.3mn tonne for 2026-27 - The Hindu](https://feedsoft.ai/events/20135-government-fixes-wheat-procurement-target-at-30-3mn-tonne-for-2026-27-the-hindu.md) | +0.6% | -2.0% |

## Sources

- enterpriseam.com: https://enterpriseam.com/egypt/2021/06/17/wheat-suppliers-allowed-to-submit-shipment-bids-to-gasc/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.