Egypt Pays A Higher Price for 360,000 MT of Wheat After Last Week’s Fungus Fiasco
Bottom Line: As expected, Egypt’s GSAC had to pay more for wheat in a snap tender over the weekend. On a FOB basis, the average prices paid for 360,000 MT was $196.26/MT, up $4.28/MT from the previous tender. Last week, an Egyptian court ruling raised that possibility that the controversial “zero tolerance” policy on ergot…