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Egypt to allow private sector to offer its goods on Mercantile Exchange: Minister

The Egyptian Minister of Supply and Internal Trade, Ali al-Moselhi said that Egypt will allow private sector companies to list their commodities on the Egyptian Mercantile Exchange (EMX) during the second half of this year, after meeting certain conditions.

During statements on the sidelines of the Egyptian-European Investment Conference on Sunday, Moselhi added that the government will grant a large space to the private sector to offer its goods on EMX, while the government will offer smaller quantities of goods in balance.

The EMX stopped offering and trading on three prominent strategic commodities (wheat, corn, and sugar) since the end of last year until now.

The last trading session for sugar was on December 14, 2023 and for corn on December 25, while no new session for wheat has been held since January 21, 2024 up until now.

Moselhi explained that the decision to stop trading at that time was due to “speculative activities and exaggerated prices for the wheat commodity, which we will offer again when the situation calms down.”

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