Egypt buys 60 k tons of Russian wheat
Wheat, on a farm, in Qalubiyah, North Cairo, Egypt - AP/Hassan Ammar
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CAIRO: Egypt’s General Authority for Supply Commodities (GASC) has contracted the purchase of 60,000 tons of wheat from Russia, the supplies ministry spokesman Mahmoud Diab said in a statement Wednesday.

“The GASC purchased 60,000 tons from Russia for $212.16 per ton. The purchased wheat will arrive in Egypt late November,” Diab told ON T.V. Wednesday.

The purchase was through a global tender in which various local and international companies have participated, he added.

“The strategic reserves of local and imported wheat, mainly used in producing subsidized bread, are sufficient to cover Egypt’s needs until early April,” Supply Minister Khaled Hanafy said in a statement in October.

n April,  Egypt, the world’s biggest wheat importer, started implementing a new “smart card” system to distribute subsidized bread which encouraged farmers to not hold on to their crops for personal consumption.

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