Minister: Egypt talking to EBRD, FAO on reducing wheat import costs

 Egypt is in talks with the European Bank for Reconstruction and Development (EBRD) and the Food and Agriculture Organization (FAO) of the United Nations on reducing the cost of wheat imports by up to US$10 per tonne, the country's supply minister said on Thursday.

The world's biggest wheat importer is in discussions in a bid to preserve hard currency reserves, Khaled Hanafi said in a statement.

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