July 8, 2025 | 07:26 GMT +7

  • Click to copy
Tuesday- 11:29, 10/12/2024

Egyptian military group assumes wheat buying duties

(VAN) An Egyptian military agency is now in charge of the country’s import of commodities, replacing the state’s General Authority for Supply Commodities (GASC), Reuters reported, citing a letter it had seen.

The Mostakbal Misr Agency for Sustainable Development of the Egyptian Air Forces has become the exclusive body responsible for importing food commodities, according to a letter from the Ministry of Supply to Oksana Lut, Russia’s Minister of Agriculture.

The letter, which was seen by Reuters, said the new agency had plans to employ direct purchase agreements alongside international tenders. The GASC, part of the Ministry of Supply, had been in charge of imports for decades using a tender-based system.

Egypt is among the world’s largest wheat importers and subsidized bread is a staple for 70 million of its people.  

In the letter, the Supply Ministry said it guarantees that the new agency has the “financial capacity to honor all commitments arising from tenders and direct purchases.”

Mostakbal Misr was founded in 2022 by presidential decree and serves as the development arm of the Egyptian Armed Forces. It has been taking over some projects from other military organizations as well as civilian bodies, Reuters said.

It first attempted to procure wheat and vegetable oil through direct purchase agreements in November, but procedural ambiguities led to confusion among traders, the news agency said. The deal was postponed.

Egypt’s 2024-25 wheat imports are estimated at 11.2 million tonnes, a 2% increase from last year, according to a report from the Foreign Agricultural Service of the US Department of Agriculture.

Egypt continues to be a top wheat importer due to limited domestic production and its subsidy program to provide low-cost bread.

H.D

(WG)

China tightens safety rules amid dip in Thai durian exports

China tightens safety rules amid dip in Thai durian exports

(VAN) Thailand's durian exports to China fell by approximately 3% from January to June 2025 compared to the same period last year, according to data from Thailand's Department of Agriculture as reported by Bangkokbiznews.

Central Vietnam to facilitate global expansion of OCOP products

Central Vietnam to facilitate global expansion of OCOP products

(VAN) Tuan Linh Cooperative is facilitating the export of OCOP products to key international markets.

Exports of frozen durian see a threefold increase in volume

Exports of frozen durian see a threefold increase in volume

(VAN) According to data presented at a press conference by the Ministry of Agriculture and Environment on July 3, frozen durian exports from Vietnam have seen a threefold increase in volume.

Only through export can spotted banana growers hope to change their lives

Only through export can spotted banana growers hope to change their lives

(VAN) After a year of growing, each bunch of spotted bananas sold only brings in enough money to buy a few kilograms of rice. This harsh reality keeps spotted banana growers stuck in hardship.

Proactively expanding markets, Vietnam’s AFF exports rise over 15%

Proactively expanding markets, Vietnam’s AFF exports rise over 15%

(VAN) Vietnam’s agri-forestry-fishery (AFF) export turnover in June 2025 increased by 5.3% compared to the same period in 2024, bringing the total value for the first six months to USD 33.84 billion, up 15.5%.

Dual difficulties confront Vietnam's wood pellet exports

Dual difficulties confront Vietnam's wood pellet exports

(VAN) Wood pellet industry in Vietnam is at risk of stagnation due to the tightening of policies in Japan and the instability of export prices in South Korea while the domestic supply chain remains weak.

Clean pineapples reach far thanks to production partnerships

Clean pineapples reach far thanks to production partnerships

(VAN) A company in Vinh Long has linked over 3,000 hectares of pineapple cultivation, creating a large raw material area for export while generating jobs and increasing income for local people.

Read more