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Wednesday, 12 July 2017

Supply Ministry to amend wheat milling system

The Supply Ministry is looking to revert back to an old wheat milling system that would allow it to give companies a set price for their milling services, Al Borsa reports. Under the new system, the Supply Ministry would also have to acquire wheat bran for the Agriculture Ministry’s livestock projects. The ministry is currently in talks with wheat mill owners to determine a fair price per tonne of milled wheat, with the Federation of Egyptian Industries lobbying for EGP 540 per tonne in exchange for the ministry collecting the wheat bran, Supply Ministry spokesperson Mohamed Sewid said. The ministry plans to reach a final agreement by the end of the month and bring the new system into effect the month after that.

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