Confectionary News
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Morocco Remains Largest Importer of Wheat from EU
In third place is Nigeria with 2.2 million tonnes of wheat, and Egypt with 1.6 million tonnes.
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EU wheat hits new 19-month lows after CBOT fall, low Egypt offer
Pressured by low offers at Egypt's import tender with uncertainty prevailing on what to expect from a meeting to discuss the Black Sea grain export.
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Russian wheat cheapest on C&F basis in Egypt tender
The cheapest free on board offer was $272 per tonne for 60,000 tonnes of Ukrainian wheat, presented by Viterra.
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Egypt's GASC buys 600,000 tonnes of Russian wheat in tender
The purchase comprised of 300,000 tonnes for shipment between May 10-20 and 300,000 tonnes for shipment between May 21-31, GASC said.
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Egypt wheat imports expected to rise
The report said Egypt’s wheat production is projected to remain unchanged at 9.8 million tonnes in 2023-24.
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Egypt Purchases 120,000 Tonnes of Ukrainian Wheat
The General Authority for Supply Commodities (GASC) contracted on behalf of the Ministry of Supply and Internal Trade, through an international tender
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France second largest country exporting wheat to Egypt
Egyptians consume almost 100 billion loaves of bread annually, made with around 18 million tons of wheat, according to government officials.
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Egypt’s grain imports from Russia reach $334.3 mln in November 2022
Egypt’s imports of Russian grain topped the list of Egypt’s imports from Russia during November 2022, it added.
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Egypt aims to produce 70% of wheat locally by 2030
Egypt succeeded in increasing the land cultivated with wheat to 3,650,000 feddans in 2023, with an annual increase of 250,000 feddans.
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Strategic wheat reserve sufficient for 4.6 months: Supply min
Rice reserves are enough for the Egyptian market consumption, noting that rice mills are being reviewed in order to control prices at markets.
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Egypt to receive 240,000 tonnes of Russian wheat next April
The wheat amount, which is expected to arrive in Egypt next April, is funded by the World Bank.
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Egypt can’t achieve self-sufficiency in wheat
This came from the head of the Agriculture and Water Resources Committee in the Egyptian Senate Abdel-Salam el-Gabaly.
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PM follows up on measures to establish free zone to store wheat
The establishment of a logistics free zone to store wheat will represent a great added value, affirmed Prime Minister Mostafa Madbouly.
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Duck Donuts opens first store in Egypt with Master Foods
The US donut and coffee chain makes its long-planned Egyptian market debut and will trade alongside fellow US bakery café chains like Cinnabon.
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Egypt to import wheat from Serbia, Romania
Egypt needs to import five million tons of wheat during the fiscal year 2022/23, according to a previous statement by Moselhy.
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Ladurée opens its new branch in Egypt
The popular brand Ladurée opens its doors in the Mall of Egypt serving up signature iconic macarons, the flakiest pastries and delicious dishes.
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Egyptian gov’t denies raising price of subsidized bread as of July
Over three decades, Egypt has provided subsidized bread for 5 piasters ($0.0016). However, President El-Sisi ordered increasing it in August.
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Egypt to import more wheat from Germany
The contracts include the approval of “Egypt’s conditions” regarding the requirements for “moisture contents,” the statement added.
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Russia studies providing Egypt with wheat in exchange for rubles
Speaking on trade supplies, the Russian Deputy Prime Minister noted that Russia has not yet switched to payments in national currencies systematically
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Egypt mulls conditional monetary support instead of subsidizing bread
Moselhi added that the timing is not appropriate to implement the idea due to the change in the inflation rate and its rise.