date:Feb 14, 2016
Gasc, the grain authority for Egypt, the worlds topwheat-importing country, has cancelled its last two wheat tenders after receiving no offers for the first, while the four cargos submitted to the second event were deemed overpriced.
While the world of course has ample supplies of wheat, confusion in the trade over Egypts policy over ergot contamination, and whether it really is zero tolerance (a difficult specification) undid the last two tenders.
Will this one fare better?
Context of confusio