Main page   About us  |  Our news  |   Our services  |  Contacts
Main page Ikar.ru guide Feedback RSS       In Russian

GRAIN | FLOUR | CEREALS | SUGAR | OILSEEDS | FEEDSTUFFS & INGREDIENTS | MEAT | DAIRY
Search:  


ANALYTICS & NEWS

   IKAR in Mass Media
   Market prices
   Graphically speaking
   Market studies
   Exhibitions
   Partners
   Investment


WORK IN AGRICULTURE

   Vacancies
   Resume


   About us
   Our news
   Our services
   Contacts


Where the margin is 2019

Where the margin is 2019
February 6-7, 2019, Moscow

IKAR in Mass and Industry Media


Egypts first wheat purchase tender of 2018 held after additional negotiations - market expert

Interfax, 11.01.18


Egypt's commodity supply agency GASC has held its first wheat purchase tender, despite initial media reports that said no bids were received.

In fact, after additional negotiations, bids were received from seven companies, after Egypt gave assurances that the situation would be corrected, the head of the Institute for Agricultural Market Studies (IKAR), Dmitry Rylko, told Interfax.

The difficulty arose from Egypt's attempt to begin enforcing a little-used rule. "Recently GASC found in its documents a rule under which it has the right to charge supplying companies demurrage fees," Rylko said. "The suppliers were informed of this two days ago," he said, adding that the rule was to be applied to all demurrage instances retroactively to the beginning of the current agricultural year, that is, July 2017. "There were quite a lot of them," he said.

The move dismayed grain suppliers, resulting in the tender initially falling through.

Egypt had planned to purchase 180,000 tonnes of milling wheat for delivery in the February 11-20 period. It expected to receive bids on wheat from France, Bulgaria, Australia, Poland, Germany, the UK, Romania, Russia, Ukraine and several other countries.

The tender on Tuesday resulted in the acquisition of 115,000 tonnes of Russian wheat.

Egypt has already purchased a record amount of Russian wheat in the current season: 3.605 million tonnes (excluding the latest tender), which accounts for 78% of total purchases.

http://en.interfax.com.ua/news/economic/475750.html



All viewing: 326
Discuss

Where The Margin Is
Annual Conference Agribusiness
media feedback

IKAR is a member of International research project Agri Benchmark from May 2010

Agri Benchmark

Putin Is Growing Organic Power One T-34 Tank-Tomato at a Time



Grain | Cereals | Sugar | Oilseeds | Feedstuffs & Ingredients | Meat | Dairy


IKAR. Institute for Agricultural Market Studies. www.IKAR.ru

© 2002-2018  
IKAR. Institute for Agricultural Market Studies
24, Ryazansky str., off. 604, Moscow, Russia
Tel/Fax: +7 (495) 232-9007 | www@ikar.ru |  Feedback

Rambler's Top100 Рейтинг@Mail.ru
Google translate: Google translate: Russian Google translate: German Google translate: French Google translate: Italian Google translate: Portuguese Google translate: Spanish Google translate: Turkish Google translate: Lithuanian Google translate: Chinese Google translate: Korea