The Agriculture Ministry is awaiting instructions from cabinet after a court ruling reinstating the zero-tolerance policy for ergot in wheat, Reuters reports. “The ruling was against a decision that was issued by the cabinet so we have to await directions from there to know whether it will affect our process … Until then it is business as usual,” Minister Spokesman Hamid Abdel Dayem says. He added that the court ruling, if implemented, would be retroactive, potentially impacting cargoes that have already been contracted. “If implemented, the court order would restore a strict import rule that suppliers have said is impossible to guarantee and which has them led them to add hefty premiums to their tender bids to account for the added risk of cargo rejection,” Reuters notes. “This will take us back to the zero point, which will lead to zero offers in tenders and a lack of supply for the private sector,” said Hesham Soliman, president of grain traders Med Star.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
EGX30 sheds 4.43% in October to post its first back-to-back monthly loss of 2026
The benchmark fell 4.43% and the small caps twice as…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…