Egypt to start new local wheat procurement system in April 2016

Egypt’s supplies minister Khaled Hanafi said Monday his country would change the system it uses for domestic wheat procurement, starting from April 2016.

In a Reuters interview on Monday, Hanafi also said it was “very possible” that Egypt could import less than 4 million tonnes of wheat in 2015-16.

He added that Egypt would import vegetable oil from global markets without using middlemen or direct-order agreements.

Source: Reuters