The private sector will not be allowed to import any wheat during local harvest season when it starts on Saturday,15 April, Supply Minister Ali El Moselhy told AMAY on Wednesday. These most recent remarks follow a number of conflicting statements from the ministry on its private sector wheat imports policy during the season, which is looking as stable as the roller coaster ride in Dream Park and eerily reminiscent of last year’s ergot flip-flop. The ministry had last confirmed that the government was not banning imports by private companies after it had come out earlier stating that it would restrict them to the General Authority for Supply Commodities between April and July to avoid mixing local and imported wheat.
More from Enterprise
CIB’s 3Q net income falls 17% y-o-y, 9M core earnings grow 18%
Here are the stories driving the day, both at home…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
EGX’s newest investors meet their first selloff
Heavy borrowing, margin calls, and looming repayments could make a…