{"id":639032,"date":"2017-10-19T03:59:51","date_gmt":"2017-10-19T03:59:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/19\/france-gives-assurances-to-send-high-quality-wheat-swiss-grain-trader-sues-gasc\/"},"modified":"2017-10-19T03:59:51","modified_gmt":"2017-10-19T03:59:51","slug":"france-gives-assurances-to-send-high-quality-wheat-swiss-grain-trader-sues-gasc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/19\/france-gives-assurances-to-send-high-quality-wheat-swiss-grain-trader-sues-gasc\/","title":{"rendered":"France gives assurances to send \u201chigh quality\u201d wheat, Swiss grain trader sues GASC"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>France gives assurances it is selling us \u201chigh quality\u201d wheat: <\/strong>France\u2019s ambassador to Cairo St\u00e9phane Romatet assured Supply Minister Ali El Moselhy that France is keen to keep participating in Egypt\u2019s wheat tenders and continue providing \u201chigh quality\u201d wheat, El Moselhy said on Wednesday. The statements followed a sit-down with the ambassador and representatives of a French wheat market association, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1206686\">according to Al Masry Al Youm<\/a>. El Moselhy appears to have stressed the need to implement both EU and Egyptian quality control standards on inspections of wheat imports. The statement, which is playing out in the local press as France striking a more conciliatory tone, follows a tussle between Egyptian inspectors and traders from France after a shipment of French wheat was seized for allegedly containing poppy seeds. A separate Romanian shipment was also seized. We noted yesterday that the disruptions have thrown off the market, <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/18\/could-disgruntled-inspectors-really-be-behind-recent-disruptions-in-egypts-wheat-shipments\/\">with traders alleging<\/a> that inspectors angry at a change in the inspection system.<\/p>\n<p>On a related note, <strong>Geneva-based grain trader Grainbow filed a lawsuit against the Genera<\/strong><strong>l <\/strong><strong>Authority General Authority for Supply Commodities (GASC) and the <\/strong><a href=\"http:\/\/www.almalnews.com\/Story\/349689\/14\/%D8%AC%D8%B1%D9%8A%D9%86%D9%88-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B7%D8%A7%D9%84%D8%A8-%D8%A8%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%AA%D8%B9%D9%88%D9%8A%D8%B6\"><strong>General Company for Storage and Silos<\/strong><\/a> at an Egyptian administrative court, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1CN2K4\">Reuters\u2019 Arabic service reports<\/a>. The firm reportedly demanded a USD 1.2 mn payment from the state buyer over a Russian wheat shipment delivered in early March, according to Ivan Vikoulov, a partner at Gibraltar-based grain trader Quorum Capital Ltd, which works closely with Grainbow. The disagreement started over demurrage fees Grainbow had to pay due to delays in the inspection and processing of the shipment at its destination port, said one of three unnamed sources in Cairo who confirmed the story to the newswire.<\/p>\n<p>In other industry news, <strong>US Wheat Associates is closing its office in Egypt after nearly 40 <\/strong><strong>years of operating in the market,<\/strong> <a href=\"https:\/\/timesofindia.indiatimes.com\/business\/international-business\/u-s-wheat-associates-to-close-its-cairo-egypt-office\/articleshow\/61125773.cms\">Reuters says<\/a>. The trade group that promotes US exports is scheduled to shut down on 1 December, reflecting the loss of market share for US wheat in the country as <strong>Egypt switches to supplies from the Black Sea region and Russia.<\/strong> The move will not impact the local market or the bread subsidy system, since the US Wheat Associates dealt mainly with the private sector, Supply Ministry adviser Mohamed Sewed <a href=\"http:\/\/www.ahram.org.eg\/News\/202424\/5\/618545\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\/%C2%AB%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%86%C2%BB--%D8%BA%D9%84%D9%82-%D9%85%D9%83%D8%AA%D8%A8-%D8%A7%D9%84%D9%82%D9%85%D8%AD-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%89-%D9%84%D9%86-%D9%8A%D8%A4%D8%AB%D8%B1-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%88.aspx\">tells Al Ahram<\/a>.<\/p>\n<p>This came as <strong>GASC launched a tender yesterday to purchase an unspecified amount of<\/strong><strong>wheat <\/strong>for delivery between 1-10 December, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1CN2VW\">the newswire also notes<\/a>. The authority is eying supplies from North America and Russia, as well various eastern and western European markets, including France, Germany, Romania, and Poland.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>France gives assurances it is selling us \u201chigh quality\u201d wheat: France\u2019s ambassador to Cairo St\u00e9phane Romatet assured Supply Minister Ali El Moselhy that France is keen to keep participating in Egypt\u2019s wheat tenders and continue providing \u201chigh quality\u201d wheat, El Moselhy said on Wednesday. The statements followed a sit-down with the ambassador and representatives of [&hellip;]<\/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-639032","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"088d73ad-f8ce-4afe-bddf-015c409f8764","order":"0","is_powered_by":true,"section_story_id":"f1c5c57e-1d7e-42b9-bcf1-1d745f4add03","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639016],"teaser":"","voice_url":""},"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>France gives assurances to send \u201chigh quality\u201d wheat, Swiss grain trader sues GASC - 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\/2017\/10\/19\/france-gives-assurances-to-send-high-quality-wheat-swiss-grain-trader-sues-gasc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"France gives assurances to send \u201chigh quality\u201d wheat, Swiss grain trader sues GASC\" \/>\n<meta property=\"og:description\" content=\"France gives assurances it is selling us \u201chigh quality\u201d wheat: France\u2019s ambassador to Cairo St\u00e9phane Romatet assured Supply Minister Ali El Moselhy that France is keen to keep participating in Egypt\u2019s wheat tenders and continue providing \u201chigh quality\u201d wheat, El Moselhy said on Wednesday. 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The decision, which came as President Abdel Fattah El\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639292,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/25\/romania-wants-to-increase-its-wheat-exports-to-egypt-ambassador-tells-el-moselhy\/","url_meta":{"origin":639032,"position":1},"title":"Romania wants to increase its wheat exports to Egypt, ambassador tells El Moselhy","author":"enterpriseam admin","date":"25 October 2017","format":false,"excerpt":"Romania is looking to increase its wheat exports to Egypt, Romania\u2019s ambassador in Cairo Mihai \u015etefan Stuparu told Supply Minister Ali El Moselhy yesterday, Al Mal reports. Stuparu also said his country wants to accredit inspection certificates issued by international companies Egypt relies on for wheat shipments checks.","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":639032,"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 &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":639088,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/gasc-will-reportedly-temporarily-stop-accepting-french-wheat\/","url_meta":{"origin":639032,"position":3},"title":"GASC will reportedly temporarily stop accepting French wheat","author":"enterpriseam admin","date":"22 October 2017","format":false,"excerpt":"GASC to temporarily stop accepting French wheat? The General Authority for Supply Commodities, the world\u2019s largest buyer of wheat, has reportedly taken an \u201cinformal decision\u201d to temporarily halt imports of wheat from French traders, an unnamed GASC official tells Al Mal. The decision is a result of the stir caused\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555910,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/france-offers-eur-100-mn-in-funding-for-wholesale-market\/","url_meta":{"origin":639032,"position":4},"title":"France offers EUR 100 mn in funding for wholesale market","author":"enterpriseam admin","date":"3 October 2021","format":false,"excerpt":"Egypt has secured EUR 100 mn funding from France to establish a wholesale market in Borg El Arab, the Supply Ministry said in a statement following a visit to France by Minister Ali Moselhy on Friday. The market, which is being financed by the French Development Agency (AFD), will be\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\/2021\/10\/28.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543689,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/14\/ukraine-crisis-spurs-uncertainty-in-wheat-market-el-moselhy\/","url_meta":{"origin":639032,"position":5},"title":"Ukraine crisis spurs \u201cuncertainty\u201d in wheat market -El Moselhy","author":"enterpriseam admin","date":"14 February 2022","format":false,"excerpt":"Rising tensions in the tug-of-war between Russia and Ukraine are causing \u201cuncertainty\u201d in the wheat market, Al Shorouk quoted Supply Minister Ali El Moselhy as saying. While the Madbouly government has previously suggested it had no plans to start hedging wheat, El Moselhy is quoted as having said a decision\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\/2\/181.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\/639032","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=639032"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639032\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/639016"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=639032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=639032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=639032"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=639032"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=639032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}