Egypt GASC buys 120K tonnes of Ukrainian wheat

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Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC) bought 120,000 tonnes of Ukrainian wheat in its third tender for July 10-25 shipment, according to reports.

It marks a change from the country’s standard practice of not buying imported grain during the domestic procurement season.

Egypt’s President Abdel Fattah al-Sisi had earlier directed authorities to bolster the country’s strategic reserves in the face of the COVID-19 outbreak.

The country’s supply ministry has repeatedly planned to purchase 800,000 tonnes of imported wheat.

It is to be noted here that Egypt is one of the largest importer and consumers of wheat globally. Wheat has been a central component of the typical diet of the country’s inhabitants.

Also, per capita consumption of this cereal is reportedly the highest in the world. As a result, ensuring access to this important staple food has been a vital aspect of the country’s social policies.