Egypt Delaying Wheat Payments, but Supply Ongoing as Sellers "Trust" Authority
Egypt has been deferring payments for shipments of wheat, vital for its extensive bread subsidy program, according to Supply and Internal Trade Minister Aly Moselhy and traders who spoke to Reuters. Wheat suppliers interviewed by Reuters said that banks working with the General Authority for Supply Commodities (GASC) have delayed opening 180-day letters of credit—letters
Ministry Of Finance Al Qahirah Mostafa Madbouly Aly Moselhy Authority For Supply Commodities Ongoing As Sellers Trust Authority
Source: egyptianstreets.com