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Egypt puts wheat for sale on EMX

The Egyptian Supply and Internal Trade Ministry announced that “due to the repercussions of the Ukrainian crisis have surfaced and its impact on wheat supplies globally.


As a result quantities of wheat stocks will be offered for sale through the Egyptian Mercantile Exchange (EMX).

It explained that the General Authority for Supply Commodities (GASC) will be a selling party for the available quantities.


This means  that this does not affect the strategic reserve: the Egyptian Holding Company for Silos and Storage (EHCSS) will be the party obligated to deliver.

The ministry continued: “in order for milling companies to benefit from this (trading) on the platform of the EMX.



This will also include participation as a buyer of wheat in these auctions, milling companies wishing to apply for these auctions must first register with the EMX.”

The Egyptian Minister of Supply and Domestic Trade, Ali al-Moselhi, announced earlier this month.



Egypt has a safe strategic reserve of various basic commodities, and that wheat reserves are sufficient for five months.

During a meeting with Prime Minister Mostafa Madbouly, Moselhi said that the reserves of wheat cover five months, subsidized sugar 4.5 months, and of oil 4.8 months.

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