# Egypt overpaid for wheat against the background of a reduction in the number of sellers

> Egypt's GASC bought 175,000 tons of Russian wheat at $212 per ton delivered, up $11 from the prior tender, and has bought over 3 million tons this season. Only six traders bid, down from earlier tenders, as quality uncertainty and poppy seed rules raised costs.

- Date: 2017-09-20 · published 2017-09-20T12:00:00.000Z
- Category: trade · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/68845-egypt-overpaid-for-wheat-against-the-background-of-a-reduction-in-the-number-of
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Thinner tender participation and higher freight-inclusive prices signal firmer import demand for Black Sea wheat, supporting Russian and global wheat values.

## Read by commodity

- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-05-23 | [In the black: Asian flour mills turn to Black Sea region for wheat](https://feedsoft.ai/events/64881-in-the-black-asian-flour-mills-turn-to-black-sea-region-for-wheat.md) | -0.0% | -2.3% |
| WHEAT | 2017-10-17 | [Inspection battle threatens Egypt's wheat supply](https://feedsoft.ai/events/68363-inspection-battle-threatens-egypt-s-wheat-supply.md) | +0.0% | -3.1% |
| 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 | 2025-01-21 | [Export prices for barley in Ukraine reached the level of corn and feed wheat prices](https://feedsoft.ai/events/26576-export-prices-for-barley-in-ukraine-reached-the-level-of-corn-and-feed-wheat.md) | +3.4% | +5.7% |
| WHEAT | 2023-09-27 | [US, UK, EU & others question India at WTO over wheat, rice and onion export restrictions](https://feedsoft.ai/events/34048-us-uk-eu-and-others-question-india-at-wto-over-wheat-rice-and-onion-export.md) | -5.3% | -2.4% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/egipet-pidnimae-tcini-na-pshenitcyu.html

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