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.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
Invest in the Best: What Attracts Investors in Agri Today
Ukraine ready to delay EU agricultural subsidies to speed up accession process
Global soybean processing to exceed 100 mln tons for the first time
Bangladesh’s corn imports rise amid expanding feed industry
Global rapeseed market expects increased supply from the EU
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon