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Thursday, 18 November 2021

Wheat tender price rises again

Wheat tender price rises again: GASC bought 60k tonnes of Romanian wheat in an international tender for shipment between 1-15 January at USD 346.97 per tonne, Reuters reports. This price is more than 4% higher than the previous tender, which saw the state grain buyer pay an average price of USD 332.30 a tonne for Russian wheat at the beginning of November. Egypt’s international tenders are fetching the highest prices in at least half a decade as weak harvests, surging fertilizer prices and higher shipping costs push global prices to 10-year highs.

Orascom, Samcrete and Hassan Allam have been awarded a contract to establish four warehouses in Sharqia, Suez, Fayoum and Luxor following cabinet approval, according to Hapi Journal. The contracts will be signed as soon as they are reviewed.

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