Hopes for a quick ending over the poppy seed-containing wheat cargoes have been dashed as the two cargoes rejected by agricultural quarantine will most likely have to be moved for sieving. The process could take up to eight months and sieving is not possible in Safaga, Reuters notes. “The wheat silos that are present in Safaga are not equipped to sieve the Romanian and French wheat cargoes if a decision for that is issued by the public prosecutor,” a source said, adding that the process could take place in Sohag or Qena. “At this point re-export would be less costly for the suppliers,” said one agricultural quarantine inspector.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
EGX30 gained 2.79% in 3Q, but September gave back most of its July-August run, with mid-caps falling the hardest
Small- and mid-cap indices widened their lead over the benchmark…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…