Friday, May 15, 2009

Egypt suspected of manipulating the prices of wheat.

President of the Russian Grain Union (RZS) Arkady Zlochevsky said that the seizure of Russian wheat in Egypt - was an attempt to pressure in order to force Russia to reduce the price of grain, reported RIA Novosti. Delivered in Egypt wheat "in full compliance with the terms, including the grade and quality specified by export contracts," - said Zlochevsky.
As stated in an interview with Lente.ru "Vice President RZS Alexander Korbut, such action, including charges of supplying poor quality products, has been around the world and are part of the struggle for market share of grain. Egypt, Korbut said, is the world's largest importer of wheat, and fight for this market are the main world producers of grain.
Recall that the May 13, Egyptian Prosecutor General's Office ordered the arrest set the country on the Russian wheat. The measure was declared a temporary order "that authorized the Commission was able to take samples of wheat and to check its suitability for consumption." As reported by Egyptian media, the authorities suspect that wheat exceeded allowable levels of insects, grasses and noxious seeds.
Prosecutor General's Office issued a decision in response to the statement of one of the MPs that the party came to Egypt poor quality of wheat from Russia, which did not pass quality control in the Egyptian port of Safaga.
This is not the first such incident in Egypt. In 2007, in a warehouse in Alexandria, was arrested batch of wheat imported from Russia, 40 thousand tons. According to the results of examination it was deemed unfit for consumption. However, as revealed in the investigation, the party was imported as early as 2006, when wheat is fully consistent with the requirements and have a quality certificate. Infected bugs have occurred during storage of grain in the territory of Egypt.

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