(Dow Jones) -- Egypt received just one offer in its latest wheat tender after reverting to a controversial zero-tolerance approach to the potentially harmful ergot fungus, traders said Wednesday.
One trading firm, Venus International, offered to sell one shipment of Ukrainian wheat at $179.32 a metric ton in the tender announced on Tuesday by Egypt's General Authority for Supply Commodities, or GASC, traders said.
In the previous tender on Aug. 26, GASC bought three shipments of Russian wheat, totaling 180,000 tons, after attracting offers from seven trading firms.
The rejection of several cargos of grain for containing traces of ergot earlier this year led many trading firms to boycott the tenders held by GASC, which buys grain and other essential commodities on behalf of the world's largest wheat-importing country.