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Tuesday, 16 August 2016

New wheat import regulations may increase shipping costs to Egypt

New wheat import regulations outlined by Egypt’s quarantine authority in a letter dated 8 August seen by Bloomberg means shippers will now have to keep ships at port until the agency’s approval is given. The move could increase the cost of shipping to Egypt. The head of the agriculture quarantine office and the spokesperson for the agriculture ministry did not respond to Bloomberg’s requests for comment. The vessel Dorothea Oldendorff has been stuck at the Damietta port since 22 July, with indications that its cargo has yet to be fully unloaded, according to Bloomberg’s ship-tracking data.

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