International Courant
Egyptian Minister of Provide and Inner Commerce Ali al-Moselhi mentioned that Egypt will enable personal sector corporations to ship their items on the Egyptian Commerce Honest (EMX) within the second half of this yr, after sure situations had been met.
Talking on the sidelines of the Egypt-Europe Funding Convention on Sunday, Moselhi added that the federal government will give the personal sector ample room to supply its items on the EMX, whereas the federal government will supply smaller portions of products in steadiness.
The EMX has stopped providing and buying and selling three key strategic commodities (wheat, corn and sugar) since late final yr.
The final buying and selling session for sugar was on December 14, 2023, and for corn on December 25. There was no new session for wheat since January 21, 2024.
Moselhi defined that the choice to droop buying and selling at the moment was because of “speculative actions and exaggerated costs for the wheat commodity, which we are going to supply once more when the state of affairs calms down.”
Egypt to permit personal sector to supply items on Mercantile Trade: Minister
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