Page 9 - Supply Commodities News Today

Egypt recently bought 240,000 tons of wheat from Russia directly, as the government continues to work on plans to avert a food crisis and preserve local supplies.

CAIRO: The Egyptian government is in the final stages of signing a new financing agreement with the International Monetary Fund, Al-Arabiya reported citing Prime Minister Mostafa Madbouly. His statement came hours after a Moody’s report, which expected a gradual devaluation of the Egyptian pound in order to curb inflation in the North African country. Wheat procurement Egypt’s

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Ukrainian officials are working to release a detained vessel carrying Ukrainian wheat purchased by Egypts government, Ukraines Mideast envoy told reporters on Monday.

Earlier, Ukraine said they were ready to deliver five million tonnes of grain to the global market monthly

Egypt, especially hit hard by the global food crisis resulting form the Russia-Ukraine war, is hoping for relief via the Black Sea Grain Initiative.

Cairo halted tenders after the steep rise in prices that followed the outbreak of war in Europe, but since June it has locked in new large quantities that also show which countries are filling the gap left by Ukraine.

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

CAIRO:Egypt s state grains buyer, the General Authority for Supply Commodities (GASC), is seeking an unspecified amount of wheat in an international p...