{"id":656625,"date":"2024-12-08T00:00:00","date_gmt":"2024-12-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/military-firm-to-replace-gasc-as-nations-sole-strategic-commodities-importer-says-reuters\/"},"modified":"2024-12-08T00:00:00","modified_gmt":"2024-12-08T00:00:00","slug":"military-firm-to-replace-gasc-as-nations-sole-strategic-commodities-importer-says-reuters","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/military-firm-to-replace-gasc-as-nations-sole-strategic-commodities-importer-says-reuters\/","title":{"rendered":"Military firm to replace GASC as nation\u2019s sole strategic commodities importer, says Reuters"},"content":{"rendered":"

As the world\u2019s largest wheat importer, reports that Egypt is changing the agency in <\/strong>charge of importing commodities is catching the attention of the international press<\/strong>, with Reuters<\/a> out with an exclusive claiming that the General Authority for Supply Commodities (GASC) has been replaced by the Mostakbal Misr Agency for Sustainable Development of the Egyptian Armed Forces. Mostakbal Misr will reportedly \u201cassume all jurisdictions previously held by GASC,\u201d according to a letter from the Supply Ministry to Russia\u2019s Minister of Agriculture seen by the newswire. <\/p>\n

Although the new agency will abide by all its existing commitments, traders are airing<\/strong> their concerns<\/strong>, with one German trader explaining that \u201cGASC terms for deals in international tenders have been built up over many years. They are trusted and only when there is trust can big purchases be made with many mn\u2019s of USD involved.\u201d The trader added that \u201cIn the long run the new organization will no doubt be able to make purchases. In the short term it may face difficulties.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The shift ends GASC\u2019s decades of dominance as the main wheat buyer in the country<\/p>\n","protected":false},"author":1,"featured_media":656626,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7233],"tags":[317,72,550,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-656625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-in-the-news","tag-commodities","tag-enterpriseam","tag-gasc","tag-trade","wpautop","entry"],"acf":{"mongo_id":"54b82aff-4ed6-40eb-b966-7a2d03c64aa7","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/638.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Military firm to replace GASC as nation\u2019s sole strategic commodities importer, says Reuters","related_issue":[656610],"teaser":"The shift ends GASC\u2019s decades of dominance as the main wheat buyer in the country","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.9a065362-73a8-45d8-b2f1-17ff36afdaeb.mp3"},"yoast_head":"\nMilitary firm to replace GASC as nation\u2019s sole strategic commodities importer, says Reuters - 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\/2024\/12\/08\/military-firm-to-replace-gasc-as-nations-sole-strategic-commodities-importer-says-reuters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Military firm to replace GASC as nation\u2019s sole strategic commodities importer, 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transparent,\u201d insiders say","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/861.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543667,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/private-sector-eclipses-gasc-as-egypts-leading-wheat-importer\/","url_meta":{"origin":656625,"position":1},"title":"Private sector eclipses GASC as Egypt\u2019s leading wheat importer","author":"enterpriseam admin","date":"13 February 2022","format":false,"excerpt":"The private sector was Egypt\u2019s leading wheat importer last year: Private sector wheat imports surpassed purchases by the state-run General Authority for Supply Commodities (GASC) in 2021 \u2014 and could continue to lead Egypt\u2019s wheat imports, Reuters reports, citing industry experts.In numbers: The private sector imported 6.9 mn tonnes 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\/2\/164.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622616,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/gasc-purchases-180k-tonnes-of-russian-wheat\/","url_meta":{"origin":656625,"position":2},"title":"GASC purchases 180k tonnes of Russian wheat","author":"enterpriseam admin","date":"8 October 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 180k tonnes of Russian wheat in an international tender on Thursday, according to Reuters\u2019 Arabic service. Traders tell Reuters that the lowest offer GASC received in the tender was USD 233.95 per tonne FOB from Daewoo. The wheat is scheduled for delivery\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":604635,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/gasc-purchases-350000-tonnes-of-wheat\/","url_meta":{"origin":656625,"position":3},"title":"GASC purchases 350,000 tonnes of wheat","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"The General Authority for Supply Commodities purchased 350,000 tonnes of wheat last Thursday in an international tender, according to Reuters. Nearly 83% of the purchase is of Russian wheat, with the rest being Ukrainian. Delivery is scheduled between 21 and 31 January.","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":645605,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/gasc-issues-global-wheat-tender\/","url_meta":{"origin":656625,"position":4},"title":"GASC issues global wheat tender","author":"enterpriseam admin","date":"25 July 2017","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) issued a global tender yesterday for an unspecified amount of soft and milling wheat to be delivered between 1 and 10 September, Reuters reports.","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":637136,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/gasc-issues-tender-for-wheat-delivery-in-december\/","url_meta":{"origin":656625,"position":5},"title":"GASC issues tender for wheat delivery in December","author":"enterpriseam admin","date":"8 November 2017","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) issued a tender on Tuesday to purchase an unspecified amount of wheat, to be delivered between 15 and 30 December, Reuters reports.","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\/656625","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=656625"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/656625\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/656610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/656626"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=656625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=656625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=656625"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=656625"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=656625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}