The first company carries out manufacturing operations, while the second company specializes in distribution operations.
The government subsidized the local consumption of wheat flour and bread with EGP 54 billion.
It also warned the owners of fish and animal farms and those responsible for their management against acquiring or using local wheat.
Egypt continues to actively increase the export of oranges to the Southeast Asian region.
Egypt has been suffering from a crisis of wheat supply from conflicting Russia and Ukraine, the two biggest wheat importers to Egypt.
During the first half (H1) of FY22/23, the EGX-listed firm generated EGP 7.23 billion in net profit after tax.
Egypt’s top export crops during that period were citrus, potatoes, onions, sweet potatoes, strawberries, green beans, guava, garlic and pomegranates.
Last week, The Egyptian Cabinet has announced a 20% increase to EGP 1,500 per ardeb in the local wheat procurement price for the 2023 harvest season.
The deadline for offers is April 19 and traders should submit bids for payment at sight and 180-day letters of credit and GASC will choose.
In March, Egypt’s annual urban consumer inflation rate rose to 32.7% year on year, barely short of an all-time high.
Following the success of Food Africa and pacprocess MEA last year, concrete plans to expand this year’s duo of trade fairs have begun.
The cabinet media center dismissed as baseless news on the use of internationally-banned growth hormones in the production of meat.
Three of the varieties are Egyptian and the fourth was developed by the institute.
Egypt is continuing to support domestic agricultural and industrial production despite harsh global economic challenges.
The spokesperson noted that the meeting took up progress made in national projects to reclaim desert lands nationwide.
Egypt released from the country's ports a total of 210,000 tons of corn and soybean fodder worth around $97 million between 31 March and 6 April.
The cheapest free on board offer was $272 per tonne for 60,000 tonnes of Ukrainian wheat, presented by Viterra.
The Ministry of Supply aims to offer 110,000 tons of yellow corn, imported from Romania, on the Egyptian Mercantile Exchange (EMX).
Indonesia remained the main destination for their supply, and exports more than doubled last year.
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.