date:Jun 27, 2014
ish growth and a wide budget deficit.
The country's food import bill amounted to 32 billion Egyptian pounds ($4.48 billion) in the current financial year that ends June 30.
One of the traders said that before the local harvest finished, traders in the breadbasket region of the Delta began planning to secure inexpensive stocks of wheat from Black Sea exporters, whose harvest that begins this month.
Although the wheat will not be shipped until late July, the traders can cut deals to deliver imp