Back to the complete issue
Sunday, 19 November 2017

Only six bidders present wheat offers for GASC in Thursday’s tender

Only six suppliers presented offers in General Authority for Supply Commodities (GASC)’s wheat purchase tender on Thursday, Reuters reported. “Several major trading houses were absent with [traders] saying uncertainty about whether shipments will again be rejected because of Egypt’s food safety inspection system.” Reuters adds that Jean Philippe Everling, CEO of Italian trading house Casillo’s French subsidiary TransGrain, “said concern about ergot was a factor along with delayed payments and continued uncertainty about cargoes being rejected because they contained poppy seeds.” Everling says “people are waiting for a clearer picture.” A court ruling last Tuesday cancelled the cabinet’s decree that allows wheat shipments containing up to 0.05% ergot content, the common international standard.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.