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MED-Amin network
(Mediterranean Agricultural Information Network) Fostering cooperation and experience sharing among the national information systems on agricultural (cereals) markets in the Mediterranean. The network of 13 countries is coordinated by CIHEAM, and more specifically by its Mediterranean Agronomic Institute (MAI) of Montpellier.
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Egypt’s Wheat Tenders – A Public Notice Board For Black Sea Grain Notations?

Egypt, the world’s biggest wheat importer, is the largest market for Black Sea wheat exports. Half of Egypt’s wheat imports are purchased by its government’s General Authority for Supply of Commodities (GASC), employing a tender system. Based on a unique data base of GASC tender prices, the price relationships between the GASC tender and Black Sea wheat exporters (Russia, Ukraine, Romania and Kazakhstan) and also France and the USA are investigated. Results of linear and threshold vector error correction models suggest that export prices in the Black Sea region continuously and rapidly adjust to GASC tender prices, while the GASC tender price only adjusts to the French export price. Obviously, the GASC tender price has the function of a wheat world market price in the Black Sea region. Also, the GASC tender system creates strong price competition between the Black Sea exporters and France. We trace this back to the fact that the GASC tender system enhances transparency about competitive prices of the Black Sea wheat market, where an effective price discovery mechanism is still missing.

CIHEAM Newss insight:

Download here http://ageconsearch.umn.edu/record/275853/files/Vortrag_157.pdf

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GASC sets basic commodities tenders’ delivery in January

GASC sets basic commodities tenders’ delivery in January | MED-Amin network | Scoop.it

By Ahmed Lamloum (The Daily News Egypt), 27/11/2018

Egypt’s state grains’ buyer, the General Authority for Supply Commodities (GASC), announced the winning bid of Egypt’s first international rice buying tender on Tuesday, while it seeks to launch two vegetable oils and wheat international purchasing tenders for delivery in January.

The rice tender will be approved by the Minister of Supply, Ali Moselhy, after testing rice samples that were submitted by the bidders, a source in the ministry told Daily News Egypt. The financial offers of this tender were between $419.7 and $444 per tonne.

Also, Egypt is the world’s biggest wheat importer as it consumes 100bn of bread loaves annually. The Egyptian people spend EGP 5bn while the government pays EGP 60bn in subsidies for the bakery owners, according to Finance Minister Mohamed Moeit.

In an interview with Ahram newspaper on Saturday, Moeit said there will be no change in “the bread subsidy system no matter how much cost the country has to bear”.

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