On Thursday, Egypt's state-owned General Authority for Supply Commodities (GASC) said that it had bought 50,000 tons of Romanian corn in an international tender.
The cargo was sold by Ameropa BV at a price of $339 a tonne on a cost, insurance, and freight (CIF) basis, traders said.
Traders said this was GASC's first-ever international tender for yellow corn.
Supply Minister Ali Moselhy said the corn will be sold to the private sector via Egypt's new commodities exchange in an effort to address a feed shortage and inflation.
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