Egypt buys second 60,000 tonnes wheat tranche from Romania this fall.

By bne IntelliNews August 22, 2011
The worlds largest wheat importer, Egypt, ordered another tranche of 60,000 tonnes from Romania last week, as part of a larger auction for 240,000 tonnes, Wall Street daily reported quoting the state procurement agency GASC. Romanias wheat crop hit 7.2mn tonnes according to the governments estimates, up from below 5.7mn tonnes last year. The wheat will be specifically delivered between October 1 and October 10 by Ameropa grain trader. The price paid for the Romanian wheat was USD 16.6mn, which indicates an average price per ton of USD 276.7. The rest of the wheat will be provided by Russia in three equal tranches at prices between 272.9 and USD 277.5. Under a similar 240,000 tonnes auction earlier this month, Egypt purchased another 60,000 tonnes tranche from Romania, specifically to be delivered by Toepfer International at the average price of USD 262.5 per ton.

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