Egypt’s state grain buyer returned to the market, buying 175,000 MT of Russian origin wheat at an average price of $230.66/MT CFR for delivery April 5-15. Three cargoes were bought out of the eight originally offered – including 55,000 mt at $229.75/mt and 60,000 mt at $231.10/mt from GTCS, as well as 60,000 mt from Garant Logistic at $213.05/mt. The delivered price was 3.2% higher than at its previous tender February 21, having come in the wake of a recent rally in the price of wheat. Since its previous tender on February 21, wheat prices have jumped 12.4% on the Kansas City HRW contract, a US benchmark broadly in line with the specifications GASC is seeking.