Egypt to start new local wheat procurement system in April 2016

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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