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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 …

Daily News Egypt

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, …

Daily News Egypt

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