Egyptian military agency now in control of wheat imports

An Egyptian military agency has assumed control of the country’s strategic commodity imports. This shift replaces the decades-old state-run General Authority for Supply Commodities (GASC) and allows the agency to manage international buying tenders and make direct purchases.
In recent weeks, this move has disrupted the global wheat market. Egypt, one of the world’s largest wheat importers, previously relied on GASC, a part of the Ministry of Supply, to procure grain for its population, where subsidized bread is a crucial staple for 70 million citizens.
The letter outlined the agency’s plans to combine direct purchase agreements with international tenders—a shift aimed at streamlining procurement. However, the new approach has sparked concerns among global traders, given its potential to disrupt established market dynamics.
The Egyptian government, however, has defended the role of these companies, arguing that they are stepping in to address gaps in the market and ensure stability.
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