7/13/22, 1:25 PM India Wheat: Egypt to buy 180,000 tonnes of wheat from India - The Economic Times

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Business News › News › Economy › Agriculture › Egypt to buy 180,000 tonnes of wheat from India

Egypt to buy 180,000 tonnes of wheat from India

Reuters Last Updated: Jun 27, 2022, 08:54 AM IST
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Synopsis
As Egypt sought to diversify import origins, Supply Minister Aly Moselhy said in May that
it had agreed to buy 500,000 tonnes of wheat from India. India banned wheat exports
the same month, but made allowances for countries like Egypt with food security needs.
Separately, Egypt is looking at ways to obtain more flour from grain, raising the
extraction percentage for flour used for subsidised bread to 87.5% from 82%, Moselhy
said.

AP
Egypt has contracted to buy 180,000
tonnes of wheat from India, less than
previously agreed, but is looking at
ways to extract more flour from grain
and even use potatoes in bread making
as it tries to trim imports, the supply Most Popular Stories
minister said on Sunday. 1. PM to launch SGX Nifty trade
at GIFT
FILE- An Indian farmer carries wheat crop

harvested from a field on the outskirts of Jammu,

India, April 28, 2022. India on Sunday said it has
kept a window open for food-deficit countries to
import wheat from the country at the
government level despite restrictions on export
announced two days ago. (AP Photo/Channi
Anand, File)
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7/13/22, 1:25 PM India Wheat: Egypt to buy 180,000 tonnes of wheat from India - The Economic Times

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As Egypt sought to diversify import origins, Supply Minister Aly Moselhy said
in May that it had agreed to buy 500,000 tonnes of wheat from India. India
Popular in Economy
banned wheat exports the same month, but made allowances for countries
like Egypt with food security needs.

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"Based on what the supplier said, the condition was that the wheat has to be 4. India’s 1st elevated urban
expressway to be operational
at the ports, then it would be available," Moselhy told a news conference on by 2023; here are 10 points
Sunday.

5. Supplementary demand for

"We had agreed on 500,000 tonnes, turns out [the supplier]has 180,000 grants unlikely in the
upcoming monsoon session
tonnes in the port."

Moselhy added that Egypt was also in talks with Russian suppliers for a wheat
purchase agreement.

Separately, Egypt is looking at ways to obtain more flour from grain, raising the
extraction percentage for flour used for subsidised bread to 87.5% from 82%,
Moselhy said.

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That could save around 500,000 tonnes of imported wheat, importing 5-5.5 AD iForex KNOW MORE

million tonnes of wheat for the 2022/23 fiscal year, he added.

Another idea being tested was supplementing wheat flour with potatoes. "We Most Popular Opinion
are looking at the technology now," Moselhy said. 1. BJP 2.0: A party with a difference

By Pranab Dhal Samanta

Current wheat reserves

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3.9 million tonnes in the local harvest, according
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are pouring JOIN ET PRIME

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7/13/22, 1:25 PM India Wheat: Egypt to buy 180,000 tonnes of wheat from India - The Economic Times

By Amitabh Kant

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