Demand for Russian Wheat on the first day of trading that the Egyptian commodities exchange started, supply exceeded supply by almost 65%, reports Menafn.
According to the Egyptian Ministry of Supply, 12.000 Tonnen Grains for 9750 Egyptian pounds (398 US-Dollar) Per Tonne zum Verkauf angeboten.
«The demand for Wheat, which was imported from Russia, exceeded the ministry's initial offer by 64,83% on the first day of trading," the ministry said.
As indicated, a total of 28 requests for the purchase of almost 20 thousand tons of wheat from Russia were accepted, while 18 transactions were completed.