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Égypt-actus
Égypt-actus
revue de presse sur l'actualité culturelle, archéologique, politique et sociale de l'Égypte
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Egypt to spend $1.6 billion on local wheat purchases

Egypts government has allocated 11 billion pounds ($1.6 billion) to buy 4.5 million tonnes of wheat from local farmers this year, state media said on Sunday as the most populous Arab country struggles to ensure supplies.

Economic turmoil and a weakening local currency has made it harder for the government to import wheat, a sensitive issue in the North African country as rising food prices have sparked unrest in the past.

Earlier this month, the cabinet said Egypts strategic stocks of wheat had fallen to 2.207 million tonnes, enough to last 89 days. This compares with 2.292 million tones reported in end-February.

The government plans to spend 11 billion pounds to buy up around 4.5 million tonnes wheat from local farmers this year, state news agency MENA said after a cabinet meeting.

 

Reuters, via Egypt.com

More : http://news.egypt.com/english/permalink/176843.html

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Russia, Egypt Yet to Contribute to AMIS Commodity Database

Russia, Egypt and Nigeria are among the five countries that still need to contribute data to the Agricultural Market Information System set up by Group of 20 countries to avoid a repeat of the 2007-08 food-price crisis.

(...) David Hallam, head of markets and trade at the United Nations’ Food & Agriculture Organization, said in an interview in Geneva yesterday. Russia was the world’s third-largest wheat exporter in 2011-12, and Egypt was the biggest buyer of the grain, (...) according to U.S. Department of Agriculture estimates.

 

http://www.bloomberg.com/news/2013-03-20/russia-egypt-yet-to-contribute-to-amis-farm-commodity-database.html

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US to export wheat to Egypt

US to export wheat to Egypt | Égypt-actus | Scoop.it

The United States Department of Agriculture has approved wheat exports to Egypt under a credit guarantee program, according to Ashraf Ezz Eddin, head of Egypt's commercial office in Washington.

The announcement marks the first time that Egypt has relied on the US agricultural export program during the current fiscal year. The program GSM 102, issues credit guarantees to encouraging the export of US agricultural products while providing competitive lines of credit for buyers.

The move comes asconcerns rise among creditors over Egypt's ability to meet its commodityneeds through traditional methods, such as tenders and letters ofguarantee, Ezz Eddin explained, adding that the GSM102 guarantees that 98 percent of the deal's valuewill be paid off.<

 

According to the USDA, the contract between the US and Egypt is for nearly 60,000 tons of wheat, worth US$17.7 billion.

 

More on: http://www.egyptindependent.com/news/us-export-wheat-egypt

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PA official: Gaza to export furniture to Egypt

Gaza will export wooden furniture to Egypt on Monday, a Palestinian Authority crossings official said.

Raed Fattouh told Ma'an that 350 trucks with commercial and agricultural goods will enter the Gaza Strip via the Kerem Shalom crossing, while two truckloads of wooden furniture will leave for Egypt. 
 
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Govt bans import of exotic pet birds

Govt bans import of exotic pet birds | Égypt-actus | Scoop.it

The government has banned the import of exotic birds until 30 June in what it says is an effort to protect local fowl from disease.

The ban, issued by the General Authority for Veterinary Services, covers imports from the Netherlands, Belgium, Japan, Canada, Poland, Spain, Italy, United Arab Emirates, Bahrain and Kuwait.

 

Colder weather could increase the spread of illnesses and potentially endanger local poultry stocks, said Youssef Mamdouh, director of veterinary quarantine services, in statements made Wednesday.

In 2012, Egypt imported 38,731 pet birds, including 200 parrots, according to Mamdouh, who noted that the ban is temporary.

 

An official source at the Agriculture Ministry had estimated importers spend around US$5 million (or more than LE33 million) to import the birds annually. The birds' local market value is estimated at more than LE50 million, and they are popular as pets among the wealthy, the same source said.

 

The source suggested Egypt impose increased custom fees on the import of birds because it is a luxury importers pay for in foreign currency at a time when the local pound is losing value and foreign reserves are critically low.

 

The government has recently announced it would increase tariffs on luxury imports and goods with quality local equivalents.

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Egypt has enough wheat for 101 days - cabinet

Egypt has enough wheat for 101 days - cabinet | Égypt-actus | Scoop.it

Egypt, the world's biggest importer of wheat, said it has enough stocks of wheat to last 101 days and it expects its supply to increase further as more imports arrive, a cabinet statement said on Wednesday.

"The current reserves of wheat (local and imported) has reached 2.467 million tonnes which are sufficient for 101 days, until May 29," the statement said.

"The international contracts for imported wheat reached 643,000 tonnes, raising the total of amount of current contracts to 3.110 million tonnes, enough for 126 days, to June 24," it said.

 

More on: http://en.aswatmasriya.com/news/view.aspx?id=4b72a579-a3d9-4b3d-ae62-804d364ed192

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Egypte: les importateurs prêts à "rationaliser" les achats de biens de luxe

Les importateurs égyptiens se sont engagés dimanche à "rationaliser" les importations de produits de luxe, au moment où le pays est confronté à une fonte de ses réserves en devises étrangères et à une chute de sa monnaie nationale.


AFP, via Les Echos

Egypt-actus's insight:

Les importateurs de la Fédération générale des chambres de commerce "ont convenu de prendre des mesures pour rationaliser l'importation des biens de luxe", a rapporté l'agence officielle Mena.
L'agence ne précise pas quelles seront ces mesures, mais ajoute que la réunion a mis l'accent sur le fait que "les efforts doivent porter sur l'importation de biens stratégiques et les besoins de la production".
Les importateurs ont toutefois demandé au gouvernement de ne "pas imposer de restrictions" aux importations, estimant que cela ne ferait qu'aggraver la crise économique que traverse le pays.
L'Egypte est confrontée depuis la chute du régime de Hosni Moubarak il y a deux ans à une fonte de ses réserves de change, passées de 36 milliards de dollars, à 15 milliards environ.
Ce montant, qui représente l'équivalent de trois mois d'importations seulement, a été qualifié de "minimum critique" par la banque centrale, qui vient de prendre des mesures pour limiter les sorties de devises.
Ces réserves ont été largement utilisées pour soutenir la livre égyptienne face au dollar. La monnaie égyptienne est toutefois passée au cours des dernières semaines de 6,1 à 6,6 livres environ pour un dollar, son taux le plus bas depuis 2003, une situation qui renchérit mécaniquement les importations.
La chute des réserves en devises fait aussi planer une menace sur les achats de produits de première nécessité, au premier rang desquels se trouvent le blé -dont l'Egypte est le premier importateur mondial- et les carburants raffinés.

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Egypt considers India for wheat imports

Egypt-actus's insight:

Egypt is considering buying Indian wheat as a way to diversify its sources, an Egyptian minister told an Indian newspaper, as the top global importer

seeks to ensure supply through an economic crisis.

Changes to Egypt's food safety law could make it easier for exporters to work with it, Investment Minister Osama Saleh told The Hindu Business Line in an interview.

 

Reuters, via Yahooo news

More : http://news.yahoo.com/egypt-considers-india-wheat-imports-184707863--business.html

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Egypt considers India for wheat imports

Egypt considers India for wheat imports | Égypt-actus | Scoop.it

Egypt is considering buying Indian wheat as a way to diversify its sources, an Egyptian minister told an Indian newspaper, as the top global importer seeks to ensure supply through an economic crisis.

Changes to Egypt's food safety law could make it easier for exporters to work with it, Investment Minister Osama Saleh told The Hindu Business Line in an interview published on its website on Tuesday.

"Yes, we are definitely looking at India as an importing country for wheat. We want to have several diversified sources and not just the EU or the US or Canada," he said.

 

More on: http://www.arabianbusiness.com/egypt-considers-india-for-wheat-imports-494305.html

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Egypt wheat stocks dwindle, sufficient for 89 days

Egypt's strategic stocks of wheat have fallen to 2.207 million tonnes, enough to last 89 days, a cabinet report said on Wednesday, as the top global importer struggles to ensure supply through an economic and political crisis.

Economic turmoil in the North African country has made it harder it to arrange payments for wheat imports, with the pace of purchases having tumbled since the start of the year.

While stocks have fallen, the government also upped its projection of the local harvest to more than 9 million tonnes - a number that would exceed the current record of 8.523 million tonnes in 2009/10, according to U.S. Department of Agriculture (USDA) estimates.

 

The Egyptian cabinet's forecast for its upcoming harvest is also above the USDA's crop estimate of 8.5 million tonnes, released last week.

 

More on: http://www.reuters.com/article/2013/03/13/egypt-wheat-idUSL6N0C56CA20130313?rpc=401&feedType=RSS&feedName=rbssConsumerGoodsAndRetailNews&rpc=401

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Top importer Egypt boosts price incentives for own wheat farmers

Top wheat importer Egyptwill raise the price it pays for local wheat during the coming harvest season to 400 Egyptian pounds per ardeb (150 kg) - around $400 a tonne - from 380 pounds, to lessen reliance on imports.

Egypt's wheat imports are sharply down this year as it endures economic and political crisis but state and private buyers say the state is allocating priority financing for wheat imports. They are also looking for an increase in domestic production.

"The price of the ardab has been set at 400 pounds ($59.4)," said Salah Moawad, head of the agricultural services sector at Egypt's agriculture ministry. "An ardab is 150 kilograms therefore the tonne is at 2,666.50 pounds ($400)."(...)

 

A Cairo-based trader said: "I don't think this new price incentive to farmers will reduce the amount of wheat Egypt needs to import."

"The reason imports are down this year is because the country had stocks from the previous year," the trader said.

"The cost of local wheat ends up being pricier for Egypt because of the high subsidies the government pays the farmer," the trader said.

The country's supplies minister said on Wednesday that Egypt has strategic stocks of nearly 2.3 million tonnes of the grain from international and local suppliers, enough to last until May 29, 2013.(...).


Egypt has a history of bread riots but maintained supplies of heavily subsidised flat loaves - which sell to the poor for just 5 piastres (less than 1 U.S. cent) - throughout the uprising that overthrew president Hosni Mubarak in 2011.

 

More on: http://www.reuters.com/article/2013/02/28/egypt-wheat-local-idUSL6N0BS8EM20130228

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Egypt state grain buyer steps aside as currency reserves fall

Egypt state grain buyer steps aside as currency reserves fall | Égypt-actus | Scoop.it

One of the most powerful figures on the global wheat market, Nomani Nomani, said on Wednesday he has left his job as vice chairman of Egypt's state grains buyer GASC, at a time when the country is struggling with falling foreign currency reserves.

For more than three years he has overseen strategic buying for the world's biggest importer of wheat, and the government stressed on Wednesday that the country had ample stocks for production of bread, the national staple.

 

"I got promoted to become an adviser to the minister of trade and supplies, which means that I will no longer handle the wheat bidding and buying process, starting now," Nomani told Reuters.(...)

 

Nomani said Mamdouh Abdel Fattah had taken over as acting deputy head of the GASC (General Authority for Supply Commodities) for a period of one year, but it was not yet clear if this was renewable or not.

 

Egypt's foreign currency reserves have fallen to $13.6 billion, less than the $15 billion needed to cover three months' worth of imports. (...)

 

Central bank governor Hisham Ramez said this week that he had taken steps to prioritise certain imports including foodstuffs, production machines and their spare parts, and fertilisers.

 

The cabinet said on Wednesday that Egypt already had stocks of wheat to last 101 days and this would rise to 126 days as more imports arrive.

 

More on:http://www.reuters.com/article/2013/02/20/egypt-gasc-idUSL6N0BK72F20130220?rpc=401

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L'Egypte achète 60,000 T de blé américain

L'Egypte achète 60,000 T de blé américain | Égypt-actus | Scoop.it

l'Autorité Générale pour les Produits Alimentaires a déclaré que l’Egypte, le plus grand importateur de blé dans le monde, a acheté 60,000 tonnes de blé tendre américain pour livraison en mars. (prix 306,80 $ par tonne, et frais d'expédition 25,64 $ par tonne).

l'Egypte avait également acheté le 10 janvier passé, 115,000 tonnes de blé américain et canadien pour livraison vers fin février.

L’Autorité égyptienne se hâte d'acquérir les quantités nécessaires de blé craignant un manque de production dans les pays de la mer Noire touchés par la sécheresse

 

 

قالت الهيئة المصرية العامة للسلع التموينية، السبت، إن مصر -أكبر بلد مستورد للقمح في العالم- اشترت 60 ألف طن من القمح اللين الأميركي للشحن في الفترة من الأول إلى العاشر من مارس.

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