CAIRO: Egypt’s General Authority for Supply Commodities (GASC) has set an international tender to buy an unspecified amount of wheat from global suppliers, Youm7 reported Wednesday.
“The authority is seeking to purchase wheat cargoes from France, Russia, Bulgaria and Romania and will be mainly used to produce subsidized bread,” Mamdouh Abdel Fattah, Vice Chairman of GASC was quoted by Youm7.
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, he added.
On Wednesday, Supply Minister Khaled Hanafi issued a decision to ban the trading of imported wheat domestically in an attempt to curb wheat smuggling.
Egypt is the world’s largest wheat importer, according to the 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.”
Egypt’s strategic wheat reserves are enough to last until the start of June 2016, Hanafy stated.