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Egypt funding crunch slowing food payments again-traders
date:May 09, 2014
second Cairo-based trader said.

Central Bank officials were not immediately available for comment.

Traders do not usually ship wheat until they have opened importers' letters of credit.

BEYOND WHEAT

Traders said there had also been delays after tenders by the state-owned Food Industries Holding Company and Meditrade, both of which bought vegetable oils on behalf of GASC.

Payments in some cases are seven to eight weeks later than would normally be expected, one European trader said.

The pro

12/25 15:57