The Egyptian government plans to launch an agricultural raw materials stock exchange in the coming years. The announcement was made by Ibrahim Ashmawy, head of the Internal Trade Development Authority (ITDA). This new entity should be a joint venture between the Egypt Stock Exchange (ESE) and the Ministry of Supply, allowing it to list local or imported raw materials. The target crops are wheat, sugar, corn and rice. Egypt is one of the top wheat consumers worldwide.
Source: Agence Ecofin