# Russian wheat dominates Egypt GASC tender, lowest offer at $186.05/T - Economy - Business - Ahram Online

> Russian wheat dominated Egypt's GASC tender, with the lowest offer at $186.05 per tonne FOB for 60,000 tonnes. Traders said Russia's potentially record crop is pushing export prices down, with eight of the nine lowest offers coming from Russia. Egypt is also reviewing a Romanian cargo rejected for poppy seeds.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/69352-russian-wheat-dominates-egypt-gasc-tender-lowest-offer-at-186-05-t-economy
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Aggressive Russian pricing from a record crop sets a low benchmark for global wheat, bearish for wheat values and competing feed grains.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-01-11 | [EU wheat at one-week low as Egypt tender leaves export hangover - Economy - Business - Ahram Online](https://feedsoft.ai/events/61171-eu-wheat-at-one-week-low-as-egypt-tender-leaves-export-hangover-economy.md) | -0.2% | +1.7% |
| WHEAT | 2021-06-19 | [EU wheat export outlook promising as harvest, Russia eyed - Markets - Business Recorder](https://feedsoft.ai/events/46641-eu-wheat-export-outlook-promising-as-harvest-russia-eyed-markets-business.md) | -8.4% | -11.3% |
| WHEAT | 2023-08-31 | [EU wheat declines - Markets - Business Recorder](https://feedsoft.ai/events/34620-eu-wheat-declines-markets-business-recorder.md) | +0.3% | +1.0% |
| WHEAT | 2019-02-21 | [Tender in Egypt has further reduced the price of wheat](https://feedsoft.ai/events/6778-tender-in-egypt-has-further-reduced-the-price-of-wheat.md) | -3.2% | +0.7% |
| WHEAT | 2026-01-16 | [Russian grain shipments grow as seaborne trade dominates exports](https://feedsoft.ai/events/14143-russian-grain-shipments-grow-as-seaborne-trade-dominates-exports.md) | -0.5% | +4.1% |
| KWHEAT | 2019-02-21 | [Tender in Egypt has further reduced the price of wheat](https://feedsoft.ai/events/6778-tender-in-egypt-has-further-reduced-the-price-of-wheat.md) | -2.5% | -1.3% |
| KWHEAT | 2026-01-16 | [Russian grain shipments grow as seaborne trade dominates exports](https://feedsoft.ai/events/14143-russian-grain-shipments-grow-as-seaborne-trade-dominates-exports.md) | +4.5% | +4.9% |
| KWHEAT | 2022-12-07 | [Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia](https://feedsoft.ai/events/6645-wheat-prices-touch-14-month-low-on-surging-russian-exports-nikkei-asia.md) | +4.4% | -0.7% |

## Sources

- english.ahram.org.eg: https://english.ahram.org.eg/NewsContent/3/12/276254/Business/Economy/Russian-wheat-dominates-Egypt-GASC-tender,-lowest-.aspx

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