GFM Network News











Egypt bans ergot in wheat, again

Cairo/Abu Dhabi | Reuters — Egypt reinstated on Sunday a controversial ban on wheat shipments containing even the slightest amount of a common grain fungus, baffling traders who had returned to the Egyptian market just last month when the ban was lifted. The world’s largest wheat importer said on Sunday it was re-introducing its zero […] Read more

Egypt’s wheat corruption scandal takes down supply minister

Cairo/Abu Dhabi | Reuters — Egypt’s Minister of Supply Khaled Hanafi has resigned amid the highest-profile corruption case since President Abdel Fattah al-Sisi came to power in 2014. Hanafi’s resignation is the most senior-level fallout from a probe into whether millions of dollars intended to subsidize farmers were used to purchase wheat that did not […] Read more


Egypt returns to zero tolerance of ergot in wheat

Abu Dhabi/Cairo | Reuters — Egypt has rejected two shipments of wheat for containing trace levels of the ergot fungus, backtracking on a government pledge to apply international standards and alarming traders looking to do business with the world’s largest buyer of the grain. Earlier this year traders boycotted state wheat tenders after the country’s […] Read more

Egypt’s ergot saga leaves wheat traders in limbo

Reuters — One Egyptian official’s tough stance on wheat imports carrying a fungus that wreaked havoc in the Middle Ages is baffling global grain traders and putting a spotlight on policy-making disarray in the world’s biggest purchaser of the commodity. Alarm bells began ringing in Egypt when a 63,000-tonne wheat shipment from France arrived in […] Read more