Egypt’s GASC tender attracts 4 offers for Chinese, Vietnamese and Indian rice — traders

A farmer is seen next to freshly harvested wheat at a field in Beni Suef, south of Cairo, Egypt April 24, 2017. Picture taken April 24, 2017. (Reuters)

• The offers presented were for Chinese, Vietnamese and Indian rice, the traders said

CAIRO: Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC), on Sunday received four offers at its first international purchase tender for rice in 2019, traders said.
The offers presented were for Chinese, Vietnamese and Indian rice, the traders said.
GASC said it was seeking white rice with 10 percent to 12 percent broken parts on a cost, insurance and freight (CIF) basis for arrival March 20-April 20 and/or April 1-30. Each bidder should present samples alongside its offer to be tested by the Ministry of Agriculture.
Traders gave the following breakdown of the offers presented, however prices were not immediately available:
* Hakan: 20,000 tons of Indian rice for arrival from April 1-30
* Mufaddal: 25,000 tons of Vietnamese rice for arrival from April 1-30
* Wakalex: 20,000 tons of Chinese rice for arrival from March 20 — April 20 and 48,000 tons of Chinese rice for arrival from April 1-30
* Al Amal: 20,000 tons of Chinese rice for arrival from April 1-30