Egypt Delaying Wheat Payments, but Supply Ongoing as Sellers “Trust” Authority ...Egypt

Wheat, courtesy of Pixabay. Egypt has been deferring payments for shipments of wheat, vital for its extensive bread subsidy program, according to Supply and Internal Trade Minister Aly Moselhy and traders who spoke to Reuters. Wheat suppliers interviewed by Reuters said that banks working with the General Authority for Supply Commodities (GASC) have delayed opening 180-day letters of credit—letters sent by banks guaranteeing timely payment for the supplying party, fulfilled by banks and repaid to them by buyers—for weeks and sometimes months. Authorities have been “phasing” wheat payments with the vital commodity’s suppliers, delaying money transfers to avoid putting “pressure on the central

Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt Delaying Wheat Payments, but Supply Ongoing as Sellers “Trust” Authority )

Also on site :

'Explosive-laden vehicle hit convoy': 16 Pakistan troops killed in suicide attack
Winners and losers from first round of 2025 NHL Draft
‘Like a wastepaper basket’: Life as a child refugee fleeing home

Egypt Delaying Wheat Payments, but Supply Ongoing as Sellers “Trust” Authority ...Egypt

DMRC Deadline: DMRC Investors with Losses in Excess of $100K Have Opportunity to Lead Digimarc Corporation Securities Fraud Lawsuit

Drivers to get cash back on repairs from Toyota ‘defect’ settlement before July 1 – you just need a single document

Report: Bulls trade Lonzo Ball to division rival in two-player trade

Box Office: ‘F1’ Racing Toward $55M-$58M U.S. Opening, ‘M3GAN 2.0’ Flames Out With $10M Start

Controversial rappers Kneecap chant ‘f**k Starmer’ during Glastonbury set

Denver Zoo closing early ahead of planned City Park teen ‘takeover’

My Husband Bit Me During Sex. Is My Revenge Plan Taking It Too Far?

Saudi Arabia extends tax penalty waiver initiative until end of 2025

Jana Kramer Admits Doing ‘That Ad’ Crossed Her Moral Line for Cash

NHL Draft on Sportsnet: Rounds 2-7

Arch Manning, Garrett Nussmeier appear in hilarious Raising Cane’s ad

Two children freed from locked vehicle at main car park in Telford

Women's FIH Pro League 2024-25: India's problem rises after loss to China; relegation threat looms

Starmer’s welfare cuts could leave thousands of disabled women trapped with abusers, campaigners warn

'Alligator Alcatraz' Faces Legal Challenge Days Before Opening