{"id":640879,"date":"2017-09-06T03:54:17","date_gmt":"2017-09-06T03:54:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/"},"modified":"2017-09-06T03:54:17","modified_gmt":"2017-09-06T03:54:17","slug":"govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/","title":{"rendered":"Gov\u2019t stepping up wheat purchases to account for drop in private sector\u2019s"},"content":{"rendered":"

Egypt\u2019s grain purchases have \u201csurged\u201d this year, \u201cpartly driven by government efforts to fill a gap left by a shrinking private sector hit by a crackdown on fraud and smuggling,\u201d Reuters reports<\/a>. Government wheat purchases increased 80% y-o-y for the first seven months and GASC says it aims to buy 7 mn tonnes of wheat in FY2017-18, up from 6 mn tonnes the last fiscal year. \u201cThe [7 mn] tonnes is the normal now as they have to fill the old fake numbers,\u201d said Hesham Soliman, president of Medstar for Trading. Reuters notes that \u201cwheat buying has moved away from the private sector in the aftermath of reforms brought in this year barring private dealers smuggling foreign wheat into the local harvest to collect on subsidies.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s grain purchases have \u201csurged\u201d this year, \u201cpartly driven by government efforts to fill a gap left by a shrinking private sector hit by a crackdown on fraud and smuggling,\u201d Reuters reports. Government wheat purchases increased 80% y-o-y for the first seven months and GASC says it aims to buy 7 mn tonnes of wheat […]<\/p>\n","protected":false},"author":1,"featured_media":640880,"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":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"c7316944-adfd-492c-9d61-548201356b9b","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2017\/9\/1568.jpg","photo_position":"above","related_issue":[640847],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t stepping up wheat purchases to account for drop in private sector\u2019s - 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\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t stepping up wheat purchases to account for drop in private sector\u2019s\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s grain purchases have \u201csurged\u201d this year, \u201cpartly driven by government efforts to fill a gap left by a shrinking private sector hit by a crackdown on fraud and smuggling,\u201d Reuters reports. Government wheat purchases increased 80% y-o-y for the first seven months and GASC says it aims to buy 7 mn tonnes of wheat […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-06T03:54:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1568.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t stepping up wheat purchases to account for drop in private sector\u2019s\",\"datePublished\":\"2017-09-06T03:54:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/\"},\"wordCount\":138,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1568.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Basic Materials + Commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/06\/govt-stepping-up-wheat-purchases-to-account-for-drop-in-private-sectors\/\",\"name\":\"Gov\u2019t stepping up wheat purchases to account for drop in private sector\u2019s - 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The government is looking to buy a total 3.5-4 mn tonnes of wheat by the end of harvest season\u2026","rel":"","context":"In "Basic Materials + Commodities"","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":572323,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/21\/egypts-gasc-purchases-240k-tonnes-of-wheat\/","url_meta":{"origin":640879,"position":1},"title":"Egypt\u2019s GASC purchases 240k tonnes of wheat","author":"enterpriseam admin","date":"21 June 2020","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 240k tonnes of wheat on Thursday from Russia, Romania, and Ukraine, according to Reuters. By our calculations, the Thursday purchase will bring Egypt\u2019s total wheat imports to 840k tonnes, which is higher than the country\u2019s 800k tonne target. Egypt has also purchased\u2026","rel":"","context":"In "Basic Materials + Commodities"","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":636896,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/govt-purchases-3-665-mn-tonnes-of-wheat-in-4-months\/","url_meta":{"origin":640879,"position":2},"title":"Gov\u2019t purchases 3.665 mn tonnes of wheat in 4 months","author":"enterpriseam admin","date":"2 November 2017","format":false,"excerpt":"Egypt has purchased 3.665 mn tonnes of wheat between 1 July and 20 October, a Supply Ministry source tells Al Borsa. Russian wheat accounted for 73.94% of these imports, supplying Egypt with 2.71 mn tonnes during the first four months of the fiscal year. Romanian and Ukrainian wheat accounted for\u2026","rel":"","context":"In "Basic Materials + Commodities"","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":647441,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/govt-to-increase-wheat-silo-storage-capacity-next-fiscal-year\/","url_meta":{"origin":640879,"position":3},"title":"Gov\u2019t to increase wheat silo storage capacity next fiscal year","author":"enterpriseam admin","date":"10 May 2017","format":false,"excerpt":"The Planning Ministry says the government is working on increasing Egypt\u2019s wheat silo storage capacity to 3.13 mn tonnes by FY2017-18, according to Reuters\u2019 Arabic service. The silo capacity was 1.528 mn tonnes in FY2015-16, the ministry said, and the increase is aimed at creating strategic grain reserves domestically. The\u2026","rel":"","context":"In "Basic Materials + Commodities"","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":645778,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/egypt-planning-to-import-7-mn-tonnes-of-wheat-this-year\/","url_meta":{"origin":640879,"position":4},"title":"Egypt planning to import 7 mn tonnes of wheat this year","author":"enterpriseam admin","date":"30 July 2017","format":false,"excerpt":"Egypt is planning to import 7 mn tonnes of wheat during FY2017-18, with 6 mn directed towards actual consumption and the remaining 1 mn used for strategic reserves, Supply Minister Ali El Moselhy said, according to Ahram Gate. That\u2019s broadly in line with previous ministry projections. Meanwhile, the General Authority\u2026","rel":"","context":"In "Basic Materials + Commodities"","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":628908,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/gasc-purchases-60k-tonnes-of-ukrainian-wheat\/","url_meta":{"origin":640879,"position":5},"title":"GASC purchases 60k tonnes of Ukrainian wheat","author":"enterpriseam admin","date":"16 May 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 60k tonnes of Ukrainian wheat in an international tender yesterday that attracted only four bids, Reuters\u2019 Arabic service reports. GASC purchased the wheat from Louis Dreyfus at USD 219.9 per tonne free-on-board, traders tell the newswire. Egypt issuing a wheat tender at\u2026","rel":"","context":"In "Basic Materials + Commodities"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640879","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=640879"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640879\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/640847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/640880"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=640879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=640879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=640879"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=640879"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=640879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}