Egypt buys half a million tons of wheat in India despite the export ban
Egypt buys 500,000 tons of Indian wheat in defiance of the export ban.
Egyptian Supply Minister Ali Moseli said on May 15 that the ban on Indian wheat exports does not apply to the agreement with Egypt, according to Reuters. According to him, Egypt is also negotiating with Kazakhstan, France and Argentina.
“The Cabinet of Ministers of Egypt has given permission to the General Directorate for the Supply of Goods to bypass tenders and purchase wheat directly from countries or companies,” the report said.
Earlier on May 15, the Egyptian prime minister said the country had strategic reserves of grain for four months and vegetable oil for six months. Officials say that after buying this year’s wheat harvest in Egypt will be enough until the end of the year.
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