Russia’s grain exports restrictions not to affect Egypt – official

CAIRO, Nov 26 (MENA) – Ibrahim Ashmawi, head of the Internal Trade Development Authority and head of Egyptian Commodities Exchange, stressed on Sunday that Russia’s decision to impose some restrictions on grain exports for six months would not affect Egypt’s imports of basic commodities.

The decision will come into as of December 1 till end of May.

Ashmawi, in press statements, said the agency adopted a strategy that depends on diversifying sources of grain imports to reduce risks, saying Egypt now has 22 sources for grains imports.

Meanwhile, he said the agency is now reconsidering the electronic platform of the bourse to include all commodities, making clear that only wheat, corn, sugar, gold and silver are traded on the bourse. (MENA)

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