Sunday, 23 February 2014

Egypt food supply shake-up sees official referred to prosecutors


French wheat is loaded aboard the "Sammy" in the port of Dunkirk and will transport 63,000 tons to Egypt By Shadia Nasralla and Yasmine Saleh CAIRO (Reuters) - A shake-up of Egypt's food import and storage authorities has seen an official from its main food buying agency referred to prosecutors over suspected corruption on local rice deals, while the head of its silos and storage holding company was fired. Egypt is the world's biggest wheat importer, normally buying some 10 million tons a year and while the suspected corruption is focused on rice, the moves come just days after two senior officials from the General Authority for Supply Commodities (GASC) were transferred from their posts. Traders fear any disarray within GASC could hurt its ability to launch international tenders. GASC has said the re-shuffles would not impact its import activity.








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