Mostakbal Misr purchased 180 thousand tons of French wheat

purchases and this visit. According to sources, Mostakbal Misr purchased two batches of 60,000 tons from one company and one batch of the same volume from another. The price of two batches was $246 per ton with immediate payment, and the third was $256 per ton with a 180-day payment delay. Part of the French wheat volumes under the April deal were planned to be shipped in May, the rest in June. This is a private agreement – thus, Mostakbal Misr directly provides supplies for a large-scale bread subsidy program in Egypt. Previously, grain traders were reluctant to work with a little-known agency associated with the military, the agency writes. Mostakbal Misr began working in this direction in December. Previously, the import of grain and vegetable oils was supervised by another state agency – GASC, which organized international tenders. This is a civilian agency under the Ministry of Supply. To assess risks and approve transactions, traders need certain documents that Mostakbal ...