{"id":624223,"date":"2018-09-03T04:15:29","date_gmt":"2018-09-03T04:15:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/03\/finmin-to-expand-hedging-on-other-goods-including-wheat\/"},"modified":"2018-09-03T04:15:29","modified_gmt":"2018-09-03T04:15:29","slug":"finmin-to-expand-hedging-on-other-goods-including-wheat","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/03\/finmin-to-expand-hedging-on-other-goods-including-wheat\/","title":{"rendered":"FinMin to expand hedging on other goods, including wheat"},"content":{"rendered":"

<\/a> EXCLUSIVE- FinMin to expand hedging to other commodities, including wheat:<\/strong> It appears that the Finance Ministry is indeed to looking to initiate a program to hedge against volatility in the global price of wheat in manner similar to its fuel hedging program, a ministry source told Enterprise. The move is part of a series of initiatives announced by minister Mohamed Maait over the weekend<\/a> to keep fiscal spending under control. Both Maait and the source implied that the hedging program would be expanded to include other goods Egypt imports.<\/p>\n

Could the fuel hedging program be dead if oil prices stabilize? <\/strong>\u201cThere may not be a need to sign a fuel hedging agreement if global oil prices continue to stabilize,\u201d the source told us. Oil prices have been stabilizing of late as Saudi Arabia and other leading producers adopted production cuts after oil surged beyond the USD 80\/bbl mark earlier this year. That said: Crude has shot up about about 9% in the past two weeks <\/strong>to just under USD 78 \/ bbl.<\/p>\n

Background: <\/strong>The government had selected last month<\/a> a derivatives trading outfit to help hedge against rising oil prices, its primary strategy to counter rising oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- FinMin to expand hedging to other commodities, including wheat: It appears that the Finance Ministry is indeed to looking to initiate a program to hedge against volatility in the global price of wheat in manner similar to its fuel hedging program, a ministry source told Enterprise. The move is part of a series of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624223","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"86790961-726a-4095-8ae8-e68aecd08d64","order":"0","is_powered_by":true,"section_story_id":"9dbe1ddd-8c3b-41ac-a125-87d9aec68b3a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624211],"teaser":"","voice_url":""},"yoast_head":"\nFinMin to expand hedging on other goods, including 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\/2018\/09\/03\/finmin-to-expand-hedging-on-other-goods-including-wheat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin to expand hedging on other goods, including wheat\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- FinMin to expand hedging to other commodities, including wheat: It appears that the Finance Ministry is indeed to looking to initiate a program to hedge against volatility in the global price of wheat in manner similar to its fuel hedging program, a ministry source told Enterprise. 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