Image: Reuters
State-run GASC recently opted to buy directly from global suppliers, instead of through its traditional tender system, as it looks for more competitive offers. GASC can also procure local wheat from farmers via the exchange, Ibrahim Ashmawy, deputy supply minister and chairman of the exchange, told Reuters on Sunday.
Egypt, typically the world’s largest importer of wheat, launched the new commodities exchange on Sunday, the supply ministry said in a statement, with GASC offering 12,000 tonnes of Russian wheat from its reserves to private sector mills. The move follows complaints by private importers and mills in Egypt struggling to pay for hundreds of thousands tonnes of wheat stuck at ports because of a dollar shortage that has curtailed imports, causing a spike in bread and flour prices.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
STATS KEY: Argentina versus Mexico - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Argentina have beaten Mexico 16 times in 35 meetings (D14 L5), including all three at a World Cup. They last locked horns in the competition in 2010, when Argentina won 3-1. What a big occasion today at Enyokeni Palace but unfortunately anything good that involves uShembe Unyazi LweZulu is never broadcasted by SABC News ....and we are watching you and wondering why
Source: SABCNews - 🏆 37. / 51 Read more »
STATS KEY: Cameroon versus Serbia - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Cameroon play Serbia in Group G of the World Cup in Doha on Monday. When: Monday, November 28, 1200 local Where: Al Janoub Stadium, Al Wakrah Capacity: 44,325 Odds: Cameroon win: 4/1 Serbia win: 8/11 Draw: 5/2 Key stats: * Cameroon and Serbia are looking for their first points of the tournament after suffering opening-round …
Source: SABCNews - 🏆 37. / 51 Read more »
KEY STATS: Croatia versus Canada - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Canada have never scored at a men's World Cup. Distractions!!!!! 80+ Canadian Drs MÛRDÊRÊD via 💉💉💉💉💉💉💉! Research Sportsmens Deaths since 💉 RollOut!
Source: SABCNews - 🏆 37. / 51 Read more »
Croatia school trash-talking Canada - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.After an opening loss to Belgium, coach John Herdman had boldly predicted that Canada, who had not won a single World Cup game or even scored a goal, were “gonna eff Croatia” the 2018 finalists. FIFAWorldCup
Source: SABCNews - 🏆 37. / 51 Read more »
KEY STATS | Brazil versus Switzerland - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Monday's match will be the third time Brazil will have played Switzerland at the World Cup. The teams last met in the group stage of the 2018 World Cup in Russia, where they drew 1-1. They also drew 2-2 at the 1950 World Cup.
Source: SABCNews - 🏆 37. / 51 Read more »
Egypt not out of the woods after IMF rescue deal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Egypt’s finances remain in a precarious state despite two major currency devaluations this year and a brand new $3 billion International Monetary Fund rescue package, economists say.
Source: SABCNews - 🏆 37. / 51 Read more »