Reuters — Chicago corn and wheat rose on Thursday as investors covered short positions and bought at bargain prices after the grains plumbed multi-year lows during eight-day skids on prospects […] Read more
Tag Archives egypt
U.S. grains: Bargain buyers boost corn, wheat from multi-year lows
Egypt’s GASC cancels wheat tender as ergot policy bites
Cairo/Abu Dhabi | Reuters — Egypt’s ability to buy wheat from abroad while demanding zero ergot fungus in shipments was dealt a serious blow on Wednesday, with state grain buyer […] Read more
Egypt bans ergot in wheat, again
Cairo/Abu Dhabi | Reuters — Egypt reinstated on Sunday a controversial ban on wheat shipments containing even the slightest amount of a common grain fungus, baffling traders who had returned […] Read more
U.S. grains: Wheat slumps to new 10-year low on ample supplies
Chicago | Reuters — U.S. wheat futures fell for a sixth consecutive session to hit a new 10-year low on Monday, as ample global stocks and a regulatory clamp-down from […] Read more
Egypt’s wheat corruption scandal takes down supply minister
Cairo/Abu Dhabi | Reuters — Egypt’s Minister of Supply Khaled Hanafi has resigned amid the highest-profile corruption case since President Abdel Fattah al-Sisi came to power in 2014. Hanafi’s resignation […] Read more
Egypt tightens import quarantine rules on grains
Cairo | Reuters — Egypt has tightened its agriculture quarantine regulations, imposing a rule that will prevent grain shipments suspected of contamination from being offloaded until they receive test results, […] Read more
Egypt public prosecutor orders 13 arrested in wheat corruption case
Cairo | Reuters — Egypt’s public prosecutor has ordered the arrest of 13 people for 15 days pending an investigation into their role in a wheat procurement corruption scandal, judicial […] Read more
Egyptian prosecutor says millions in local wheat falsely claimed
Cairo | Reuters –– Egypt’s general prosecutor said on Sunday that local wheat suppliers worked with government employees to falsely claim 621 million Egyptian pounds (C$92.5 million) worth of grain […] Read more
Egypt prosecutor says some local wheat bought on paper only
Cairo | Reuters –– Egypt’s general prosecutor said on Thursday some local wheat was bought by the government in paper transactions only and not physically delivered, the first public statement […] Read more
Egypt to follow global standard for ergot starting Tuesday
Cairo | Reuters — Egypt will allow up to 0.05 per cent ergot, a common grains fungus, in wheat shipments beginning on Tuesday, confirming the end of a months-long standoff […] Read more
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