RIYADH: Egypt will not issue international wheat tenders until mid-May, and will turn to the local harvest instead, Bloomberg reported, citing the country’s supply minister.
The last wheat booked was in mid-February.
This comes after the world’s largest wheat importer cancelled its previous two tenders due to the surge in prices, driven by the Ukraine and Russia conflict.
Egyptian authorities aim to buy 5 to 6 million tons of local wheat during the current season, Bloomberg reported, citing Aly El-Moselhy.
He added that the north African country is currently exploring alternative sources, and will be holding talks with Argentina next week.