Egypt’s GASC to pay for wheat within 180 days instead of immediately
date:Mar 27, 2019
gued Egypts economy, pushing up wheat prices offered to the state buyer at its international tenders.

We can switch between the two payment methods if we dont have the financing available, the government source, who is close to the matter, said.

The next tender to be announced will be with 180-day facilities, he said.

GASC was not immediately available for comment.

The state buyer secured $1 billion of a $3 billion Islamic Trade Finance Corp. deal to fund its wheat purchases in January.
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