date:Mar 14, 2013
259,043 tons), roughly a third of what it purchased in the same period a year ago.
Wheat traders in Cairo said Egypt appeared to be running down strategic stocks of nearly 2.3 million metric tons to avoid having to use foreign exchange for imports.
In the next Egyptian harvest, which is expected to start at the end next month, the government aims to raise the amount of local wheat which it obtains to 4 million metric tons by boosting its purchase price by 5 percent. In previous years, its targ