Egypt’s state grains buyer will require wheat suppliers to register with the country’s commodities exchange before November, according to a document seen by Reuters.
The General Authority for Supply Commodities (GASC) added in a letter sent to traders that it will not buy from unregistered suppliers from the start of November onward.
Traders contacted by Reuters did not immediately understand what the circular meant or whether global suppliers or their local agents would be required to register.
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Egypt’s supply ministry and GASC were not immediately available for comment.
Egypt lifts export ban on food staples
Egypt has lifted a months-long ban on the export of staple goods such as wheat, flour, faba beans, vegetable oils, corn, lentils and pasta, its trade ministry said in a recent document.
Egypt first banned the export of these staples in March for three months, and then renewed the three-month ban again in June.
Egypt is one of at least 19 countries that have introduced food export restrictions since the war in Ukraine sent prices soaring, hampering international trade flows for several agricultural products and sparking violent protests in some developing nations.
