Food Supply Security
Egypt to import
120,000 tonnes of Russian wheat before export duty introduced
December 27, 23:08 UTC+3
Russia’s government said the duty on wheat exports would amount to 15% of the customs cost plus 7.5 euro, but not less than 35 euro per tonne from February 1, 2015
Russia’s government said the duty on wheat exports would amount to 15% of the customs cost plus 7.5 euro, but not less than 35 euro per tonne from February 1, 2015
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© ITAR-TASS/Vladimir
Smirnov
CAIRO, December 26. /TASS/. Russia will
provide 120,000 tonnes of wheat supplies to Egypt before a duty on grain
exports takes effect on February 1, Vice Chairman of the Arab republic’s
General Authority for Supply Commodities /GASC/ Mamdouh Abdel Fattah said on
Saturday.
The volume will be bought up in a span
of ten days starting from January 21, or until the export duty is introduced.
Fattah said that in January Egypt was
due to import a total of 180,000 tonnes of wheat from Russia and “the suppliers
have vowed to fulfill conditions of the sealed contracts.”
Russia’s is the third largest supplier
of grain to Egypt, satisfying 26.3% /765,000 tonnes of grain/ of the import
demands over the past six months.
France ranks first in wheat exports to
Egypt with 36% /one million tonnes/ over the same period followed by Romania -
26.8% /780,000 tonnes/.
Cairo has bought a total of 2.9 million
tonnes of grain over the six months.
Earlier, Cairo announced that restrictions
on grain exports imposed by Russia were not going to pose any risks to Egypt as
it had strategic reserves which would last till mid-April 2015. Besides, by
that time local farmers are expected to provide about 3.6 million tonnes.
Russia’s
government said the duty on wheat exports would amount to 15% of the customs
cost plus 7.5 euro, but not less than 35 euro per tonne from February 1, 2015.
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