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Temporary rice shortage reveals tenuous balance between food security and government’s drive for profit
The GASC issued a series of calls to tender, moving between local suppliers, whom it owed outstanding payment, and international suppliers, whom it failed to interest
GASC purchases 300,000 tonnes of wheat, reserves safe until June
Wheat quantities to be supplied in March from France, Romania, Ukraine, and Argentine
Wheat importers still ‘cautious’, tender cancelled
GASC issued two tenders last week
Egyptian wheat security under threat
Egypt faces an impending crisis in its main food commodity as suppliers boycotted a tender issued earlier this month in protest of new import rules
GASC permits entry of wheat shipment containing traces of ergot fungi above regulatory limit
Health Ministry approved the shipment on 30 December, says GASC vice president
Banque Misr provides EGP 500m bridge loan to GASC until EGP 2bn loan is finalised
21% increase in loans and bank deposits until end of June 2015, over 50% increase in profits, says El-Etreby
300,000 tonnes of wheat to arrive in June
Expected amount includes 180,000 tonnes of Russian wheat, 60,000 Romanian and 60,000 tonnes of French wheat at approximately $221 per tonne
Local producers to supply 3.7m tonnes of wheat over coming 3 months
EGP 10bn allocated for paying local suppliers
No export restrictions from Russia on Egypt
GASC recently contracted to purchase 300,000 tons of wheat from France and Russia for subsidised bread
Egypt imports 230,000 tons of wheat from Russia, Ukraine and Romania
Minister of Supply says current wheat supply is sufficient until mid-June
Wheat bought by Egypt’s GASC stuck in Russian port: Traders
Reuters – Two wheat cargoes purchased by top global wheat buyer Egypt are stuck at Russia’s Novorossiisk port, after the trade house selling the grain had problems opening the importer’s letters of credit, traders said. Egypt’s state wheat buyer the General Authority for Supply Commodities (GASC) bought the two 60,000-tonne shipments from global commodities trader …
Egypt sticks to tough standards for wheat imports
Reuters – Egypt is committed to keeping tough specifications on wheat imports, Supply Minister Khaled Hanafy said on Tuesday, giving no sign the world’s top wheat importer will bow to lobbying by French exporters for easier standards. Egypt exerts a strong influence over the global wheat market with its imports of 10m tonnes per year, …
Supply Ministry: Wheat shipment agreed on with the US came from Canada
GASC said the shipment contained high levels of ambrosia seeds, violating terms of agreement with the US
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Wheat stocks sufficient to end of year: Supply Ministry
79,285 tonnes of locally-produced wheat distributed so far this year