Last Update 20:32
Saturday, 21 September 2019

Egypt to issue guidelines to tackle wheat import problems: Reuters

Reuters , Wednesday 25 Oct 2017
Views: 3094
Views: 3094
Egypt will issue a streamlined guide on wheat imports within two weeks that will detail all specifications, procedures, and regulations for traders selling to the world’s largest buyer, Supply Minister Ali Moselhy told Reuters on Wednesday.
Egypt is looking to calm nervous suppliers who have been adding high risk premiums because of what they say are inconsistent import rules and erratic inspection procedures.
Two cargoes were halted in recent months for containing poppy seeds and dozens have been delayed for costly additional procedures.
Speaking at an event in Dubai, Moselhy said a committee that includes the agriculture ministry has been putting together the compiled guide, which will not include new regulations but will combine all relevant rules and specifications, publishing them in one place to avoid uncertainties.
“It is our duty to publish this, and send it to all suppliers ...when you know what should be done, you will be immune to any abuse of power,” Moselhy said.
Wheat shipments to Egypt have been disrupted in recent months after inspectors were stripped of travel benefits related to inspecting cargoes abroad, part of a new inspection system introduced this year intended to streamline trade after a nearly year long-row over import rules.
But traders have said the new system has led to inconsistent rules being applied by government inspectors at Egyptian ports, who are driving up the cost of doing business to protest the loss of travel benefits.
“We cannot bury our head in the sand. What happened is an abuse of power at an inconvenient time...This led to a misunderstanding between suppliers and the government,” Moselhy said of recent trade disruptions.
Suppliers have said the high risks associated with selling to Egypt has led to premiums of up to $500,000 per cargo. With Egypt’s state grain buyer expecting to import around 7 million tonnes of wheat in the fiscal year that began in July, these premiums could add millions of dollars to the government’s food subsidy bill.
Moselhy said Egypt’s state buyer aims to keep wheat imports stable at around 7 million tonnes in the 2018-2019 fiscal year and that current reserves suggest there is no need for additional stockpiling.
Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.