# Egypt's GASC buys 350,000 tonnes of wheat: traders - Economy - Business - Ahram Online

> Egypt's state grain buyer GASC bought 350,000 tonnes of wheat in an international tender, according to traders. The purchase included 290,000 tonnes of Russian and 60,000 tonnes of Ukrainian wheat, priced at about $252 to $254 per tonne delivered, for January 21-31 shipment.

- Date: 2018-12-07 · published 2018-12-07T12:00:00.000Z
- Category: trade · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/61484-egypt-s-gasc-buys-350-000-tonnes-of-wheat-traders-economy-business-ahram-online
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Egypt's steady purchasing supports Black Sea wheat export demand and firms the wheat price floor, though the volume is modest relative to global trade.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-12 | [Egypt's GASC amends wheat purchase terms to ease costs for suppliers - Economy - Business - Ahram Online](https://feedsoft.ai/events/64436-egypt-s-gasc-amends-wheat-purchase-terms-to-ease-costs-for-suppliers-economy.md) | -0.9% | -6.9% |
| WHEAT | 2018-02-21 | [Egypt's GASC Buys 120,000 Tonnes Wheat In Tender](https://feedsoft.ai/events/66400-egypt-s-gasc-buys-120-000-tonnes-wheat-in-tender.md) | +0.4% | +1.2% |
| WHEAT | 2019-08-06 | [Egypt's GASC buys 415,000 T of Russian, Romanian and Ukrainian wheat - traders](https://feedsoft.ai/events/57481-egypt-s-gasc-buys-415-000-t-of-russian-romanian-and-ukrainian-wheat-traders.md) | +0.1% | -3.0% |
| WHEAT | 2017-09-07 | [Govt may import 800,000 tonnes of wheat in Oct-Sept: Traders \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/68939-govt-may-import-800-000-tonnes-of-wheat-in-oct-sept-traders-economy-and-policy.md) | +2.7% | +2.1% |
| WHEAT | 2020-09-23 | [Taiwan buys 91,300 tonnes wheat of US-origin - Markets - Business Recorder](https://feedsoft.ai/events/51176-taiwan-buys-91-300-tonnes-wheat-of-us-origin-markets-business-recorder.md) | +5.5% | +10.8% |

## Sources

- english.ahram.org.eg: https://english.ahram.org.eg/NewsContentP/3/319659/Business/Egypts-GASC-buys-,-tonnes-of-wheat-traders.aspx

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