ECONOMY

Egypt to start new local wheat procurement system in April 2016

Egypt’s supplies minister Khaled Hanafi said his country would change the system it uses for domestic wheat procurement, starting from April 2016. (File photo: Reuters)

Egypt’s supplies minister Khaled Hanafi said 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.

 

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Last Update: Monday, 27 July 2015 KSA 17:21 - GMT 14:21
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Egypt to start new local wheat procurement system in April 2016
Khaled Hanafi said it was "very possible" that Egypt could import less than 4 million tonnes of wheat in 2015-16.
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