Page 5 - Supply Commodities News Today

Chicago corn and soybeans edged higher for a second day on Wednesday as the run-up to U.S. government crop forecasts encouraged investors to adjust positions after futures hit multi-week lows due...

The General Authority for Supply Commodities (GASC) said it had reached an agreement to purchase 360,000 tons of Russian and Romanian wheat through an international tender.

Egypt's trade deficit dropped by 496 percent in March compared to the same month last year, as wheat imports plunged by 419 percent

The Supply Ministry announced Monday that Egypt’s strategic reserves of sugar are enough until February 2024.

ALBAWABA – The governments of the United Arab Emirates (UAE) and Egypt are negotiating a new Egypt-UAE loan deal to finance Egypt’s wheat purchases

Wheat prices are declining globally despite the conflict that impacts the exports of the two major producers, Russia and Ukraine, with economists attributing the decline to sluggish global growth and warning against counter effects

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

Deferred payments for wheat imports are to relieve financial pressures caused by lack of foreign currency, official said

CAIRO (Reuters) - Egypt has deferred payments for its large wheat purchases, in some cases by months, according to a government official and traders, as the country grapples with a shortage of hard currency. | 10:15am

Egypt has deferred payments for its large wheat purchases, in some cases by months, according to a government official and traders, as the country grapples with a shortage of hard currency.