Egypt has implemented Zero Tolerance... for Ergot

[wmoebis]

Think specs are established before sale is made. Then the CGC makes sure those specs are met at time of loading (outward inspection).

Maybe someone can explain: Once specs are guaranteed by CGC is payment guaranteed by someone? Other wise every country could reject every ship and pick up cheaper.

[sumdumguy]

That's the idea Wmoebis - For those direct selling without exercising due dilligence - good luck. There are some "buyers" that you don't want to deal with - at all. Such "buyers" are constantly calling brokers to connect them with unsuspecting sheep. Just saying, many loads end up at a foreign dock out-of spec sold cheaper to the next "buyer" but its good enough for him. "Official Letters of Credit" not worth a roll of toilet paper.

[TOM4CWB]

"After the initial rejection, the supplier conducted three independent ergot tests on samples, which clearly show the ergot level well below 0.05 percent yet a second rejection was issued."

Since the first cargo was Bunge who was nipped... is G3 involved? Egypt dipping into farmer wheat pooled funds...? Speculation on my part... can someone find out?

[wmoebis]

Only stated as Canadian shipment. Like the Triffid fiasco we will all pay.

[stonepicker]

And what happened the next week that egypt put out tenders? No bids! As it should be.

[Oliver88]

Expensive bread leads to governments being toppled in Egypt.

It sounds like they are broke again not long after their "Arab Spring" that the media seemed to cheer on.

[MBgrower]

I doubt it was western canadian wheat, egypt tenders often filled with very cheap wheat. Perhaps it was s. Ontario soft winter wheat?

[wmoebis]

I'm with Tom on this one.
Why haven't we herd a word from our own Watchdog. We had to hear about it from Reuters news.

What insurance and who covers if this happens? This could be just the start of this kind of thing. Have seen lots of export hay get rejected once over seas and break shippers ultimately ending up hurting producers big time.

8000t of wheat is small but what if it was a whole ship full of lentils, chick peas or canola.

[ajl]

The largest importer of wheat in the world is broke. That fact alone should ring alarm bells. Granted they will go hungry but what do we do with surplus wheat? Eat it ourselves?

[westernvicki]

It simply means: to export wheat it better be cheap.