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Reuters beats competition to Egypt’s first Kazakh wheat buy 01.13.2010 Reuters beat Bloomberg and Dow Jones on news that Egypt’s GASC had purchased 180,000 tonnes of Russian and Kazakh wheat and ignored French wheat offers. The buy was a factor in dampening French grain prices as hopes that GASC’s vice chairman, on a visit to France at the time of the purchase, would change tender terms unfriendly to French wheat, were lowered. The purchase also signaled the return of Kazakh wheat to the Egyptian market after a long absence. MARKET IMPACT factor in dampening French grain prices Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Commodities & Energy

Energy, metals, agricultural and environmental markets

Reuters beats competition to Egypt’s first Kazakh wheat buy

01.13.2010

Reuters beat Bloomberg and Dow Jones on news that Egypt’s GASC had purchased 180,000 tonnes of Russian and Kazakh wheat and ignored French wheat offers. The buy was a factor in dampening French grain prices as hopes that GASC’s vice chairman, on a visit to France at the time of the purchase, would change tender terms unfriendly to French wheat, were lowered. The purchase also signaled the return of Kazakh wheat to the Egyptian market after a long absence.