{"id":581396,"date":"2023-02-09T00:00:00","date_gmt":"2023-02-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/could-serbia-supply-us-with-1-mn-tons-of-wheat\/"},"modified":"2023-02-09T00:00:00","modified_gmt":"2023-02-09T00:00:00","slug":"could-serbia-supply-us-with-1-mn-tons-of-wheat","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/could-serbia-supply-us-with-1-mn-tons-of-wheat\/","title":{"rendered":"Could Serbia supply us with 1 mn tons of wheat?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">A big wheat buy in the works from Serbia: <\/span><span style=\"\">Egypt is in talks to buy some 1 mn tons of <\/span><span style=\"\">wheat from Serbia as it works to diversify its wheat suppliers, the Supply Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.msit.gov.eg\/details.html?topicID=1961\" style=\"\">said<\/a><\/span><span style=\"\"> yesterday. Supply Minister Ali El Moselhy discussed the potential direct purchase in a meeting with a Serbian delegation headed by former president Boris Tadic yesterday.<\/span><span style=\"font-weight:700\"> <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The details: <\/span><span style=\"\">Serbia would supply us with wheat and corn of <\/span><span>Serbian, Romanian, and Bulgarian origin, which would be transported from the Romanian Port of Constanta to either Alexandia or Damietta Port. The statement didn\u2019t disclose a timeline or the price at which the wheat and corn will be purchased. The potential purchase came after President Abdel Fattah El Sisi <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/07\/21\/el-sisi-signs-cooperation-agreements-in-first-serbian-trip-76336\/\" style=\"\">last summer visited Serbia<\/a><\/span><span style=\"font-weight:400;\"> for the first time. The Egyptian and Serbian sides have scheduled further meetings to work towards an agreement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Is this feasible? <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-02-08\/egypt-in-talks-to-buy-serbian-wheat-in-push-to-expand-suppliers?sref=mmeFTDW1\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> notes that Serbia is a relatively minor player among global wheat producers and typically exports no more than 1 mn tons of the grain each season. The country\u2019s wheat exports this year are forecast to come in at some 600k tons, the business news service reports, citing US Department of Agriculture data. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">We\u2019ve also been gearing up for more Romanian wheat: <\/span><span>Romania promised to increase wheat exports to Egypt during Romanian Prime Minister Nicolae Ciuc\u0103\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/06\/romania-to-increase-wheat-exports-to-egypt-95598\/\" style=\"\">visit to Egypt<\/a><\/span><span style=\"font-weight:400;\">earlier this week. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span style=\"font-weight:400;\">War in Ukraine sent international grain prices soaring last year, forcing Egypt \u2014 the world\u2019s largest importer of wheat \u2014 to rely more on the local harvest, diversify the source of its imports, and pivot from international tenders to direct purchases on the global markets. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">AND- Silo money from the<\/span><span style=\"font-weight:700\"> EIB? <\/span><span>The state is in talks with the European Investment Bank<\/span><span> (EIB) to secure investment to establish a large silo in the Damietta Port with a storage capacity of 200k tons, as well as five 5-k ton silo fields in Sharkiya, Kafr El Sheikh, Dakahlia, Minya, and El Wadi El Gedid, according to the statement. El Moselhy met with EIB director Lionel Rapaille yesterday. <\/span><span>The European lender <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eib.org\/en\/projects\/all\/20220523\" style=\"\">in December approved<\/a><\/span><span> a proposal to provide EUR 150 mn to Egypt to bolster its silo storage capacity.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 a Serbian delegation headed by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":581397,"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":[779,317,6673,72,777,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-ali-el-moselhy","tag-commodities","tag-egypt-serbia-relations","tag-enterpriseam","tag-supply-ministry","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"ca229943-ccff-406b-af5d-22236313f6ab","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/wheat-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581381],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/2\/.72b4a1b3-f6a1-40f2-a970-049216b1753a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Could Serbia supply us with 1 mn tons of wheat? - 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\/2023\/02\/09\/could-serbia-supply-us-with-1-mn-tons-of-wheat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Could Serbia supply us with 1 mn tons of wheat?\" \/>\n<meta property=\"og:description\" content=\"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. 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&quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547554,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/were-getting-a-third-of-the-indian-wheat-wed-hoped-for-bread-could-get-browner\/","url_meta":{"origin":581396,"position":3},"title":"We\u2019re getting a third of the Indian wheat we\u2019d hoped for + Bread could get browner","author":"enterpriseam admin","date":"27 June 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/309.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":581396,"position":4},"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 &quot;Commodities&quot;","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":623549,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/06\/the-supply-ministry-wants-less-imported-wheat-and-more-local-wheat-plus-news-from-hsbc-and-mountain-view\/","url_meta":{"origin":581396,"position":5},"title":"The Supply Ministry wants less imported wheat and more local wheat. 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