Egypt signs direct contracts for grain supplies from Europe

Egypt's state procurement agency, Mostakbal Misr, has signed wheat supply agreements with European producers, including some for barter trade, to diversify food imports. The agency has not disclosed any details about the source, prices, or volumes of the Russian wheat contracts announced in December, which were not confirmed by the Russian Union of Grain Exporters and Producers. Mostakbal Misr uses the AgriSupp platform by UkrAgroConsult for market intelligence and operational information.

The state procurement agency Mostakbal Misr has signed several wheat supply agreements with European producers. Some of the deals are barter. They are intended to diversify food imports. The agency, which was transferred the powers of GASC at the end of last year, did not disclose data on the origin of grain, prices and volumes in a statement about the new agreements. At the end of December, Mostakbal Misr announced the conclusion of direct contracts for the supply of 1.267 mln tons, most of which is wheat of Russian origin. The Union of Grain Exporters and Producers of the Russian Federation did not confirm the announced volume, as accredited Russian exporters did not participate in the deal. 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 ...