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Sunday, 12 August 2018

Gov’t extends 13.5% moisture limit for another nine months

The government approved allowing shipments of wheat with moisture levels of up to 13.5% for an additional nine months as of July in a bid to promote competition among different origins at its state tenders, according to a Supply Ministry statement. This is the second extension granted to the order, which was first issued in February 2017 and saw an extension back in October last year. The move is expected to help Egypt diversify its sources away from the Black Sea and Russian exporters as higher moisture content is expected to give French wheat a higher chance of competing on state tenders. It has in the past been difficult of French exporters to meet the 13% mark.

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