CAIRO: The General Authority for Supply Commodities (GASC) said Thursday it has contracted to purchase 300,000 tons of wheat from Romania, France, Argentina and Ukraine, according to Youm7.
The average price of the purchased quantities is estimated at $185 per ton, they will be shipped during the period from March 26 to April 4, GASC deputy head Mamdouh Abdel Fatah said in a statement Thursday.
The authority purchased 60,000 tons of wheat from France, 120,000 from Romania, 60,000 from Argentina and 60,000 from Ukraine, said Abdel Fatah adding that the wheat, which was purchased through an international tender, will be used to produce subsidized bread.
The wheat will be examined upon arrival at the Egyptian ports by international audit firms and the ministry’s technical committee, in order to make sure it conforms to the terms of the contract and to confirm its suitability for human use, he added.
Egypt remains the World’s largest wheat importer, according to Food and Agriculture Organization of the United Nations (FAO.) The global organization said that Egypt’s wheat imports for 2015-2016 are “estimated at 11 million tons, about the same as the previous year and the average for the last five years.”