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Wednesday, 8 June 2016

Agriculture Quarantine blocks wheat shipment despite meeting ergot regulations

Trouble in the wheat market: The Agriculture Quarantine Authority may be back to its zero-tolerance policy on ergot. The Agriculture Quarantine Authority is reportedly refusing to clear 70,000 tonnes of imported wheat from quarantine in Egypt’s ports, Al Masry Al Youm reports. The Canadian and Polish shipments have apparently met regulations limiting ergot contamination to 0.05%, but the authority is stating that it’s not good enough and are insisting on holding them there, said Tarek Hassanein, head of the Grains Division of the Federation of Egyptian Industries. Hassanein is calling on the government to clarify if there was a change in policy. Meanwhile, a source from the Supply Ministry confirmed that the ergot limit stands at 0.05%. The ergot issue roiled global wheat markets from January through March this year and sparked speculation in the industry that the sudden focus on ergot indicated that state importer GASC was facing FX issues.

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