Egypt Looks to Buy Wheat Outside Tenders to Secure Supply
- The government currently only books cargoes via tenders
- Egypt plans to soon let companies also submit offers directly
Egypt uses its wheat imports as the cornerstone of a bread-subsidy program for millions of people.
Photographer: Khaled Desouki/AFP/Getty Images
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Egypt’s government plans to soon allow buying wheat outside of tenders as the biggest importer of the grain seeks more ways to secure supplies amid disruption from the war in Ukraine.
The government currently only books cargoes via tenders and typically mostly from Black Sea countries like Russia and Ukraine, where flows have been upended by the war. It now wants to let companies to also be able to submit offers directly to the Supply Ministry, said people familiar with the matter who asked not to be identified because they’re not authorized to speak to media.