{"id":547554,"date":"2022-06-27T03:28:24","date_gmt":"2022-06-27T03:28:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/were-getting-a-third-of-the-indian-wheat-wed-hoped-for-bread-could-get-browner\/"},"modified":"2022-06-27T03:28:24","modified_gmt":"2022-06-27T03:28:24","slug":"were-getting-a-third-of-the-indian-wheat-wed-hoped-for-bread-could-get-browner","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/were-getting-a-third-of-the-indian-wheat-wed-hoped-for-bread-could-get-browner\/","title":{"rendered":"We\u2019re getting a third of the Indian wheat we\u2019d hoped for + Bread could get browner"},"content":{"rendered":"

<\/a> The Madbouly government has inked a contract to buy 180k tons of wheat from India<\/strong>, which should be heading our way soon, Supply Minister Ali El Moselhy said at a presser yesterday, where he spoke broadly on our wheat import policies in FY2022-2023, according to Reuters<\/a> and Bloomberg<\/a>.<\/p>\n

We were hoping for more Indian wheat: <\/strong>This is a little over a third of the 500k tons we had originally expected<\/a> to receive from India \u2014 but we hadn\u2019t signed final contracts on the order before New Delhi imposed a ban on exports last month. As a semi-exemption from the restrictions following negotiations<\/a>, the supplier agreed to ship us the 180k tons that were already in port before the export ban was imposed, El Moselhy said.<\/p>\n

\u2026And <\/strong>more Russian grain: <\/strong>We\u2019re in talks with Russian suppliers on a potential wheat purchase, Moselhy added. While the Ukraine conflict has blocked all imports from Ukraine \u2014 once a key supplier to Egypt \u2014 wheat has continued to roll in from Russia, with imports from the country even climbing 84%<\/a> in the three months to May, though they remain down YTD.<\/p>\n

Egypt\u2019s total wheat imports for FY2022-2023 are expected to come in at 10 mn tons<\/strong>, with the state looking to import some 5-5.5 mn tons of that during the upcoming fiscal year, the minister said, according to Bloomberg Asharq<\/a>.<\/p>\n

We\u2019re relying more on local wheat \u2014 but it\u2019s not coming cheap:<\/strong> Increasing local wheat procurement prices is costing the state an additional EGP 22 bn, El Moselhy said (watch<\/a>, runtime 8:40<\/a>). Farmers are receiving EGP 865-885 per ardeb of wheat they sell to the state, after the government raised the price of local wheat in a bid to encourage farmers to sell more of their crop to the government. The government will spend around EGP 36 bn to purchase 6 mn tons of local wheat this harvest season, which ends in August, the Finance Minis<\/a>try has said<\/a>. It had at last count bought more than 4.1 mn tons<\/a> so far.<\/p>\n

Extracting more flour per ton of wheat <\/strong>could trim 500k tons off our wheat imports in FY<\/strong> 2022-20<\/strong>23<\/strong>, El Moselhy also said (watch, runtime:<\/a>26:54<\/a>). The plan would see the government raise the percentage of flour extracted from wheat after milling and sifting to 87.5%, from 82% currently. Flour with high extraction rates<\/a> has more bran and germ content, which makes it generally healthier than highly refined flour, El Moselhy added. Your average white flour has an extraction rate of around 72%<\/a>, while whole wheat flour has a 100% extraction rate.<\/p>\n

Sweet potato bread is also on the table:<\/strong> The government is also looking into technology that would allow it to swap out wheat for sweet potatoes in bread production, the minister said<\/a>. If successful, using sweet potatoes would cut 10% of the state\u2019s current wheat consumption.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Madbouly government has inked a contract to buy 180k tons of wheat from India, which should be heading our way soon, Supply Minister Ali El Moselhy said at a presser yesterday, where he spoke broadly on our wheat import policies in FY2022-2023, according to Reuters and Bloomberg. We were hoping for more Indian wheat: […]<\/p>\n","protected":false},"author":1,"featured_media":547555,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7305],"tags":[779,317,72,1404,98,777,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-ali-el-moselhy","tag-commodities","tag-enterpriseam","tag-india","tag-subsidies","tag-supply-ministry","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"f2f16b19-feb0-48bb-9bb2-30d9c022fd79","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/309.jpg","photo_position":"above","related_issue":[547550],"teaser":"","voice_url":""},"yoast_head":"\nWe\u2019re getting a third of the Indian wheat we\u2019d hoped for + Bread could get browner - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/were-getting-a-third-of-the-indian-wheat-wed-hoped-for-bread-could-get-browner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019re getting a third of the Indian wheat we\u2019d hoped for + Bread could get browner\" \/>\n<meta property=\"og:description\" content=\"The Madbouly government has inked a contract to buy 180k tons of wheat from India, which should be heading our way soon, Supply Minister Ali El Moselhy said at a presser yesterday, where he spoke broadly on our wheat import policies in FY2022-2023, according to Reuters and Bloomberg. 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OF GOOD NEWS- We\u2019ve locked in 500k tons of Indian wheat ahead of New Delhi's export ban: Egypt has agreed to buy 500k tons of wheat from India, Supply Minister Ali El Moselhy told Reuters yesterday, adding that an export ban introduced by New Delhi last week\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/189.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544895,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/27\/no-intl-wheat-tenders-before-mid-may-el-moselhy\/","url_meta":{"origin":547554,"position":2},"title":"No int\u2019l wheat tenders before mid-May, -El Moselhy","author":"enterpriseam admin","date":"27 March 2022","format":false,"excerpt":"Egypt won\u2019t be tapping the international wheat market with new tenders before the middle of May after having received all its backlogged orders of Russian wheat, Supply Minister Ali El Moselhy said Thursday, Bloomberg and Reuters report. The government is focusing for now on the local harvest, which begins at\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/358.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546928,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/we-just-bought-a-lot-of-wheat\/","url_meta":{"origin":547554,"position":3},"title":"We just bought a lot of wheat","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"State grain buyer GASC has purchased 465k tons of wheat for shipment in July and August in a fresh international tender, Reuters reported yesterday.The breakdown: The order by the General Authority for Supply Commodities includes 240k tons of Romanian wheat, 175k tons of Russian wheat and 50k tons of Bulgarian\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/107.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581396,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/could-serbia-supply-us-with-1-mn-tons-of-wheat\/","url_meta":{"origin":547554,"position":4},"title":"Could Serbia supply us with 1 mn tons of wheat?","author":"enterpriseam admin","date":"9 February 2023","format":false,"excerpt":"A big wheat buy in the works from Serbia: Egypt is in talks to buy some 1 mn tons of wheat from Serbia as it works to diversify its wheat suppliers, the Supply Ministry said yesterday. Supply Minister Ali El Moselhy discussed the potential direct purchase in a meeting with\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/wheat-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546573,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/poland-offers-to-transport-our-ukrainian-wheat-shipments-via-rail\/","url_meta":{"origin":547554,"position":5},"title":"Poland offers to transport our Ukrainian wheat shipments via rail","author":"enterpriseam admin","date":"22 May 2022","format":false,"excerpt":"Ukraine has offered to send Egypt wheat cargoes through Poland via rail, state news agency MENA quoted Supply Minister Ali El Moselhy as saying on Thursday. Some 300k tons of wheat booked for February and March delivery for Egypt are currently stranded in Ukrainian ports due to Russia\u2019s blockade of\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/275.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=547554"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547554\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/547555"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547554"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547554"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}