Page 8 - Supply Commodities News Today

Egypt's General Authority For Supply Commodities is believed to have purchased 175,000 tons of wheat, through private talks with importers, making it the first Ukrainian wheat purchase since the start of Russia's war on Ukraine.

Sugar prices have recently witnessed a record rise in Egypt despite the country’s opening of the largest sugar production plant earlier this year.

Ibrahim Ashmawy, Egypts Deputy Supply And Internal Trade Minister, said the countrys wheat reserves are sufficient for more than five months of consumption, Nasdaq reported.

Euronext wheat fell on Thursday as front-month futures reversed export-fuelled gains and an Egyptian import purchase reported by traders shifted attention back to competitive Black Sea supplies,...

Egypts state grains buyer said on Saturday it was seeking vegetable oils in an international purchasing tender for arrival Jan. 10-31, 2023....

LONDON — Arabica coffee prices on ICE rose on Monday, rebounding from last week’s 13-month low, while raw sugar prices fell to their weakest in more than two…

NEW YORK/LONDON — Raw sugar futures on ICE fell to their lowest in more than two weeks on Monday as the market is pressured by the expected increase in global…

Over the past three months, Egypt has bought 3.5 million tons of wheat from local farmers as it works to achieve self-sufficiency and weather the effects of the global crisis caused by the Russian war on Ukraine.

Egypts General Authority for Supply Commodities (GASC) has agreed to decided to replace a detained Ukrainian wheat shipment with a new 60,000-tonne cargo from the same supplier, Olam, cost and freight price of US$361.25 per tonne, Reuters.

Egypt recently bought over 130,000 tons of Russian wheat via direct talks, traders say - Click the link for more details.