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Tuesday, 15 November 2016

GOEIC officially tasked with inspecting wheat, grain shipments

GOEIC officially tasked with inspecting wheat, grain shipments: The government has officially tasked the General Organization for Export and Import Control (GOEIC) to be “the sole state body authorized to inspect wheat at shipping and arrival ports,” Bloomberg’s Salma El Wardany writes. “The decree is the government’s first announcement of a new inspection system that traders have said will probably be easier for them to navigate and may lead to lower prices,” she says. The GOEIC will also oversee inspection of corn and soybean imports. Traders and shipping company representatives had welcomed the prospect of being required to handle just one inspection entity.

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