Archive for June 2nd, 2022

CAIRO, EGYPT — Egypt, the world’s biggest wheat importer, on June 2 made its largest wheat purchase since Russia’s invasion of Ukraine in late February, according to a Reuters report.

The General Authority for Supply Commodities (GASC), Egypt’s state grains buyer, said it purchased 465,000 tonnes of wheat in an international tender, including 175,000 tonnes from Russia, 240,000 tonnes from Romania and 50,000 tonnes from Bulgaria.

Traders told Reuters the cargoes were purchased at cost of $480 per tonne, an increase of ...