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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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L’OMC publie le rapport du Groupe spécial concernant les subventions agricoles chinoises

L’OMC publie le rapport du Groupe spécial concernant les subventions agricoles chinoises | MED-Amin network | Scoop.it
Le 28 février, l’OMC a distribué le rapport du Groupe spécial chargé d’examiner l’affaire introduite par les États-Unis “Chine — Soutien interne aux producteurs agricoles” (DS511).
CIHEAM Newss insight:

Pour télécharger le document https://www.wto.org/french/tratop_f/dispu_f/511r_conc_f.pdf

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Egypt talking to banks about hedging for commodities

Egypt talking to banks about hedging for commodities | MED-Amin network | Scoop.it

By Reuters, 15/10/2018

Egypt, the world's largest wheat importer, is in the early stages of talks with international banks over a plan to hedge against the global rise in commodity prices, a government source said on Monday 15.

Egypt’s Finance Minister Mohamed Maait said in September his country was ready to implement an oil hedging policy but was waiting for the market to cool off. Cairo spends around $1.5 billion annually on wheat imports to stock a sprawling bread subsidy program relied on by tens of millions of Egyptians. 

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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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