CAIRO: Egypt’s General Authority of Supply Commodities (GASC) has signed contracts to import 180,000 tons of wheat from Ukraine and Romania, Al Watan news reported Wednesday.
The average price of the purchased quantities including shipment fees is estimated at $180.71 per ton, they will be shipped during the period from April 4 to April 14, GASC deputy head Mamdouh Abdel Fatah was quoted by Al Watan.
He said that the authority purchased 60,000 tons of wheat from Ukraine and 120,000 from Romania, adding that the wheat, which was purchased through an international tender, will be used mainly to produce subsidized bread.
The wheat will be examined upon arrival at Egyptian ports by international audit firms and the supply 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’s strategic wheat reserves are enough to last until the start of June 2016, Supply Minister Khaled Hanafy stated Feb. 20.
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.”