* A delay by Egypt's state grain buyer in issuing letters of credit for wheat shipments has caused concern for traders. The General Authority for Supply Commodities (GASC) has not issued letters of credit for 16 recent shipments, according to sources. Traders said the GASC has also asked wheat suppliers for 11 December to 20 December shipments to either delay shipments until January or to ship without letters of credit, which guarantee payment. In a statement on Wednesday, GASA said: "The Egyptian government is working with all relevant parties and agencies to ensure that there are no disruptions in supply from Egypt as a result of this delay.
A delay by Egypt's state grain buyer in issuing letters of credit for wheat shipments has caused concern for traders. The General Authority for Supply Commodities (GASC) has not issued letters of credit for 16 recent shipments, according to sources. Traders said the GASC has also asked wheat suppliers for 11 December to 20 December shipments to either delay shipments until January or to ship without letters of credit, which guarantee payment. In a statement on Wednesday, GASA said: "The Egyptian government is working with all relevant parties and agencies to ensure that there are no disruptions in supply from Egypt as a result of this delay.