# Egypt's GASC amends wheat purchase terms to ease costs for suppliers - Economy - Business - Ahram Online

> Egypt's state grain buyer GASC cut sieving costs to $2 per tonne from $3 and lowered demurrage charges to $10,000 per day for up to 10 days from $12,000 per day for up to 12 days. The changes came ahead of an international wheat purchase tender. Suppliers had complained about high demurrage and lengthy inspections.

- Date: 2018-06-12 · published 2018-06-12T12:00:00.000Z
- Category: trade · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/64436-egypt-s-gasc-amends-wheat-purchase-terms-to-ease-costs-for-suppliers-economy
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower costs make Egyptian tenders more attractive to suppliers, which can support participation and wheat demand. The impact on prices is small.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-12-07 | [Egypt's GASC buys 350,000 tonnes of wheat: traders - Economy - Business - Ahram Online](https://feedsoft.ai/events/61484-egypt-s-gasc-buys-350-000-tonnes-of-wheat-traders-economy-business-ahram-online.md) | +1.9% | +2.8% |
| WHEAT | 2022-06-30 | [EU wheat firm supported by Egypt tender, weaker euro - Markets - Business Recorder](https://feedsoft.ai/events/40979-eu-wheat-firm-supported-by-egypt-tender-weaker-euro-markets-business-recorder.md) | -8.7% | -16.4% |
| 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 | 2019-06-12 | [Egypt's GASC receives offers in wheat tender \| Amwal Al Ghad](https://feedsoft.ai/events/58489-egypt-s-gasc-receives-offers-in-wheat-tender-amwal-al-ghad.md) | -5.3% | -8.6% |
| 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% |

## Sources

- english.ahram.org.eg: https://english.ahram.org.eg/News/302270.aspx

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