Egypt News

 

Massive Wheat Buyer puts Imports in Miltary Agency Hands

Dec 06, 2024

An Egyptian military agency has taken over the country's import of strategic commodities, a letter seen by Reuters showed, replacing a decades-old state institution to take over international buying tenders and also conduct direct purchases which have in recent weeks shaken the wheat market.As one of the world's largest wheat importers, Egypt had relied on the General Authority for Supply Commodities (GASC)…

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