Bloomberg News

Egyptian, Ukrainian Officials to Discuss Wheat Trade Next Week

September 29, 2011

Sept. 29 (Bloomberg) -- An Egyptian delegation will visit Ukraine next week to discuss with grain officials and traders conditions for wheat exports, said Nomani Nomani, vice chairman of Egypt’s state-run General Authority for Supply Commodities.

Egyptian officials will present to Ukrainian government officials, agricultural unions and exporters the specifications of wheat cargoes required by the authority, also known as Gasc, Nomani said in a telephone interview from Cairo today.

“Once they comply with all the specifications, we will be ready to include Ukraine and other Black Sea countries in our list of approved sources,” Nomani said.

Egypt has previously dropped Ukraine from its list of approved wheat suppliers because the imported grain was unsuitable for making the local bread loaves, Nomani said. Nomani and other officials will be in Ukraine from Oct. 2 until Oct. 7.

The authority buys between 5 million to 6 million metric tons of the grain a year by international tenders because local production is too low to meet demand in the Arab world’s most populous nation and wants to diversify its range of sources. Egypt, with a population of about 80 million people, uses imported wheat to make subsidized bread.

--Editors: Claudia Carpenter, John Deane

To contact the reporter on this story: Ola Galal in Cairo at ogalal@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net.


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus