Back to the complete issue
Sunday, 11 June 2017

GASC insists zero-tolerance policy on ergot will not return

GASC insists zero-tolerance policy on ergot isn’t coming back: The General Authority for Supply Commodities (GASC) is adamant that Egypt’s zero-tolerance on ergot contamination in wheat imports is not about to make a return. GASC Vice Chairman Ahmed Youssef told Reuters on Saturday that the administrative court’s ruling of last Tuesday, which reinstated the Agriculture Quarantine Authority (the body that had imposed the zero-tolerance policy), was purely an administrative and procedural ruling and would have no real impact on policy. The news comes as Egypt bought 360k tonnes of wheat from Russia and Romania, Al Mal reports, bringing to about 500k tons Egypt’s total purchases in the last month. Egypt does not typically wheat import during the domestic harvest season, but Reuters suggests the buying spree is coming ahead of a possible policy showdown ahead of the next court session on Tuesday.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.