Egypt's military takes over wheat imports, potentially altering global market dynamics.

The Egyptian military has taken over wheat imports from the long-standing General Authority for Supply Commodities (GASC), a move that could impact global wheat markets. Egypt, a major wheat importer, now relies on the military's Mostakbal Misr agency, which plans to use direct purchases and international tenders. This shift has raised concerns among global traders and could alter market dynamics.

December 06, 2024
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