1/05/2016

Payment snag delays French wheat cargoes for Egypt

Three ships due to load more than 180,000 tonnes of French wheat for Egypt were still waiting off France's northern port of Dunkirk on Monday because exporters had not received letters of credit. The shipments are part of tender purchases made by Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), with one cargo due for shipment on Dec. 11-20 and two on Dec. 21-31.