Egypt’s Wheat Purchase Falls Far Short of Bumper Tender Target
A bakery in the Al Dokki district of Giza, Egypt.
Photographer: Islam Safwat/BloombergThis article is for subscribers only.
Egypt’s state buyer bought less than a tenth of the wheat it had targeted in a bumper tender, highlighting the challenges of securing big supplies months in advance.
The country’s General Authority for Supply Commodities bought 280,000 tons of wheat from Ukraine and Bulgaria for October and November delivery in a tender that closed Monday, the state buyer said. It had been looking to buy as much as 3.8 million tons of wheat for delivery ranging from October to April.