Egypt seeks wheat and vegetable oils in direct purchase deals
Egypt plans to secure wheat and vegetable oils through direct purchase agreements, Mostakbal Misr Agency for Sustainable Development said in a statement issued late on Wednesday.
The announcement signals a shift in procurement strategy, diverging from the tender system used by the General Authority for Supply Commodities (GASC), Egypt’s primary state buyer of essential commodities.
Historically, GASC has relied on a tendering system, with direct purchases a rare occurrence.
The Mostakbal Misr Agency, founded in 2022 by presidential decree, has roots in land reclamation projects dating back to 2017.
Mostakbal Misr said the deadline for offers is Nov. 28.
Offers are expected on CIF basis. Payment is at sight using 270-day letters of credit.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Connecting Industry Leaders: Highlights from BLACK SEA OIL TRADE-2025
Kyrgyz Authorities Push for Expanded Winter Wheat Cultivation
India’s vegetable oil imports will rise to record levels
Harvest delays in Kazakhstan lead to deteriorating wheat quality
Global prices for palm and soy oil to rise in early 2026, sunflower oil to drop – ...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon