Egypt's GASC says Russian wheat will remain in its tenders

Wednesday 17-12-2014 03:02 PM
Egypt's GASC says Russian wheat will remain in its tenders

Tractors are used to sow winter wheat in a field near the village of Moskovskoye, north of Stavropol in southern Russia, October 16, 2014. REUTERS/Eduard Korniyenko

By

ABU DHABI, Dec 17 (Reuters) - Egypt, the world's largest wheat importer, said on Wednesday it was confident Russia would honour all its wheat import contracts and it would continue to include Russian wheat as an origin in its international tenders.

Russia's Veterinary and Phytosanitary Surveillance Service (VPSS) said on Wednesday it would pay "special attention" to the quality of grain sent for export and is giving certificates only when the grain quality conforms with the rules of importing country.

Sources told Reuters on Tuesday that VPSS had restricted grain export certificates for some countries but EgyptTurkey and Armenia were still allowed to receive Russia's grain.

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said the decision would not affect its imports.

"We were one of the countries exempted from the restrictions by Russia and so it doesn't affect us," Mamdouh Abdel Fattah, vice chairman of GASC said in response to a request for comment on the news.

"We will continue to include Russia as an origin of course," he said.

Turkey and Egypt are the largest buyers of Russian wheat.

Egypt has bought 2.605 million tonnes of wheat on the international market since July 1, the start of the fiscal year.

One European trader said the export restriction could be a chance for Egypt to buy cheap wheat.

"If people have cargoes for other destinations where they're not issuing phyto certificates and Egypt said we'll take them at a discount, it might be an opportunity for Egypt," he said.

(Reporting by Maha El Dahan; additional reporting by Sarah McFarlane in London; editing by Jason Neely and David Evans)

facebook comments