Confectionary News
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Egypt post provides cards for subsidized bread outside ration system
Whoever has an account with the Postal Authority and a regular card can use it directly to benefit from a subsidized bread.
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Egypt believed to have purchased Russian wheat
The purchases included two 40,000-tonne cargoes at a price of $339 per tonne, traders said. The supplier is Grain Flower.
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Egypt 15th globally in producing wheat
In the year 2021-2022, wheat consumption in Egypt reached 20.5 million metric tons. In 2022, Egypt is estimated to produce 9.8 million metric tons.
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Egypt's wheat reserves sufficient for 5.2 months, rice for 6.5 months
The sugar cane season will start in mid-January, and the beet season in mid-February.
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New exchange offers Egypt another way to import wheat
With grain markets disrupted this year by fluctuating prices and the war in Ukraine, Egypt's GASC has been diversifying its purchasing methods.
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Mercantile exchange in Egypt to start operations with Russian wheat trading
Ibrahim Ashmaoui: "The emergence of a commodity exchange in Egypt will be a great addition to the country's trading system"
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Egypt to require wheat suppliers to register in new exchange
GASC added in a letter sent to traders that it will not buy from unregistered suppliers from the start of November.
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Egypt to restore wheat supply to local bakeries
The Ministry of Supply and Internal Trade announced on Monday that it would reverse its decision to cut by 10 percent its supply of local wheat.
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Egypt approves India as wheat supplier
There is a sharp decline in availability of wheat in the global markets due to the ongoing conflict between Russia and Ukraine.
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ABE completes preparations ahead of wheat harvest season
The bank is also facilitating supply operations from farmers and receiving all wheat supplied from them.
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Egypt's supply minister says new price for bread "will take time"
The subsidised loaf has been sold since then for 5 Egyptian piasters ($0.0032). The prices of commodities have been increasing since January.
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Global inflationary pressures push Edita to raise product prices
This trend towards increasing the average selling prices is justified by the inflationary pressures prevailing in the global economic scene.
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United Grain Company to supply 120,000 tonnes of wheat to Egypt
This is the first tender won by Grainexport SA in 2021 and the first tender in the company’s history won with wheat of non-Russian origin.
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