Egypt to end use of open air wheat silos by 2017 procurement season

Egypt is seeking to end procurement of wheat to open air silos by next year’s buying season, Supply Minister Mohamed Ali El-Sheikh announced Wednesday.

A committee composed of officials from the supply, agriculture and finance ministries had been established to determine the proper price for local wheat to be procured next year, he said at a news conference.

The moves come as Egypt seeks to clamp down on rampant corruption in its strategic wheat supply chain that has wasted billions of pounds worth of public funds.

Source: Reuters