Arab Finance: Egypt has purchased 420,000 tons of wheat through an international tender, Vice Head of the General Authority for Supply Commodities (GASC) Hossam El-Garrahy told Asharq Business.

The procurement deal encompasses six shipments from Russia and one from Romania, with each shipment comprising 60,000 tons of wheat, El-Garrahy highlighted.

Moreover, he added that the procurement price, including shipment, is $279 per ton.

This move underscores Egypt's strategic efforts to bolster its wheat reserves, ensuring continued food security and stability in the nation's commodity market.

Egypt's wheat imports hit 10-year high in 2024 Updated 1/12/2025 1:37:00 PM

Egypt’s wheat imports hike 40% YoY in 2024 Updated 1/6/2025 9:55:00 AM

Egypt to cultivate 3.1 million feddans of wheat during 2024/25 season Updated 12/29/2024 11:42:00 AM

First shipment of Egypt’s Russian wheat purchase begins loading after 3-month delay Updated 12/10/2024 9:06:00 AM

Egypt to receive 2 LNG shipments in December Updated 12/3/2024 6:29:00 AM