Why does the Egyptian commodity scholarship enter the new year by trading an orphan product?

At the beginning of the year 2024, it seemed as if the Egyptian commodity stockings were on the threshold of a qualitative shift as it announced major ambitions to expand the scope of trade to include 13 basic commodities, but it ended the year on disappointing hope, as the platform is not a trade at this time. The work of the Commodity Exchange was launched in November 2022, and the total of its goods from the first session to the beginning of the year reached 9 different goods, while only one commodity is now distributed. The commodity exchange in Egypt has suspended between great hope and a frustrating reality, after a sudden stop of wheat, sugar and wheat, one of the most important targeted merchandise, to clash with its broad hope with another reality. Former Egyptian Supply Minister Ali Al -Muselhi attributed to Al -Sharq last February to the interruption of the distribution of most commodities on the commodity stock exchange to “the speculation and expensive prices in it.” The platform, which was met with great optimism, was aimed at creating an organized market for trading goods through the powers of supply and demand, to be one of the instruments used to control prices, as well as to lure dollar returns by attracting foreign buyers who trade Egyptian goods with the aim of executing them. The Egyptian Stock Exchange stopped and stopped the 3 prominent strategic goods to provide strategic trading, namely wheat, wheat and sugar, amid randomly the Egyptian market until the first quarter of 2024, where the last trade in the Sugar Commodity was in December last year, and the atom was in the last year in December, atom in the last year and the atom was the atom in the last year and the atom was the atom in the last year and the atom was the atom in the last year and the atom was the atom in the last year and the atom was the atom in the last year and the atom was the atom in the last year and the atom was in the last year and the atom was the atom in the last year Was the atom in the last year and the atom was the atom in the last year and the atom was the atom in the last year and the atom was on the previous year and the atom was the atom in the last year. Month, although no new session of the wheat commodity has been held since January 21. In an effort by the government to stimulate the commodity exchange, Al -Moselhi told Al -Sharq in the middle of this year that the platform will offer their goods on the Commodity Stock Exchange during the second half of this year. The circulation of strategic goods and the statements of Al -Muselhi has stopped in accordance with what Zakaria Hamza, CEO and managing member of the Commodity Stock Exchange, told Al -Sharq, which is currently being done to activate the role of the commodity stock by encouraging private sector. Ministrations offer on the presentation of surpluses, and foresee that they are not provided strategic goods. The reason for the stop of wheat circulation is an official of the government who is assured to Al -Sharq that the Supply Commodities Authority is the owner of the desire to stop offering strategic goods on the stock exchange platform, especially wheat, and that in the future there will be no introduction to the stopping of January. Explained by an official with the Ministry of Provision to Al -Sharq that the Ministry of wheat imports to the extent that is sufficient for the ration, thus if offered to the private sector that imports wheat like it. The government official also asked: “Why did he enter wheat in the hard currency to sell it on the stock exchange platform in the local currency of private sector traders, while the country does not suffer from a crisis in flour or wheat?” He added that the case is similar to the ‘wheat’ commodity, as there are no crises in the feed until the government interferes with wheat imports and places on the stock exchange. The stock exchange platform could not reach its ambitions by trading different commodities, and was only limited to the bran, despite the planning to expand the extent of trade to include a wide variety of agricultural, food and petroleum products, such as cotton, rice and beans, sesame, glucose, oil plants, meat, poultry, moles, moles and some walls. Soybeans. The amount of trades during the stock exchange period according to the trading data on the Commodity Exchange website is distributed about 1.2 million tonnes of wheat; Of them from 965 thousand tons of Russian wheat, from 27 November 2022 to 15 January 2024, and the market also circulated 183 thousand tons of sugar from August to December 2023. In addition to about 146 thousand tonnes of yellow wheat from April 14 to December 25, 2023, and during the current year, the stock exchange spread about 120 thousand tonnes atom, while the stock exchange circulated around 65 thousand tonnes of Bran in the period, circulated in December. The structure of the stock exchange shareholders includes various institutions and businesses, where the Egyptian Stock Exchange owns about 34% to be the largest percentage, while the supply authority has 10.99%, the Egyptian agricultural bank 9.89%, Banca Al -Ahly and Egyptian and Egyptian enterprises and the Silos and the Silo insurance, while Egyptian and Silo insurance holds, while Egyptian hold, and the Egyptian Clearing businesses hold and hold the silos, and the Egyptian Clearing businesses hold and hold the silos, and the Egyptian and Egyptian Clearing companies hold G. Holding, CI Capital and Baltonon, 3.30% for each of them. The Managing Director of the Commodity Exchange added in his conversation with “Al -Sharq” that it has taken effective steps with the aim of including a group of new goods such as some petroleumerivates in coordination with the Petroleum Ministry, and some agricultural crops such as the inclusion of the onions commodity in coordination with the Ministry of Agriculture; And this is after a recommendation from the Senate’s Agricultural and Irrigation Committee, and there is a proposal from the Commodity Stock Exchange to activate the role of agricultural cooperative associations. Hamza has shown the target of increased implementation rates of performing the Adams of judges and miles by the commodity stocking platform, together with the precious metals of gold and silver, in collaboration with the Adam of the Jear -Mashes and the Budgets, and Senior Traders. Future plans to develop the hope of the suspended commodity share exchange are still ongoing, as a study and consultations are currently taking place to start the introduction of petrochemical products in the stock market, in addition to the presentation of commercial gold, according to the government official of the “East”. While Gold Division Head Hani Milad explained to Al -Sharq in the previous December statements, the trade with challenges related to an immediate settlement during the sale, and the provision of the liquidity for it, and the division to the stock exchange of various proposals to solve this problem. Egyptian Minister of Supply Sherif Farouk Held A Meeting in the middle of Last July, days after he took over the portfolio of al -Wazra, with the head of the Egyptian Stock Exchange, Ahmed Al -Sheikh, Who Takes Over The Board of the Commodity Exchange, to Discuss the Devel Commodity Stock Exchange, Stimulate Dealing by Activating the Forces of Supply and demand, and studying the increase in the number of goods listed in IT, in addition to expanding the membership base and stimulating the role of its private sector. A week later, the Egyptian minister met with the head of the general authority for financial supervision, Mohamed Farid, and discussed in the same case, and that the commodity stocks are a security shelter and hedging the risks of price fluctuations for those dealing with it. Another government official confirmed what the managing director mentioned, namely that the Egypt exchange for commodities would return to represent many strategic goods early next year, but with new mechanisms. The Managing Director of the Commodity Stock Exchange ended his speech with Al -Sharq and said: “The platform did not stop working during 2024, as a yellow wheat imported by the Supply Commodities Authority was spread throughout the year throughout the year and the continued circulation of the Bran (APostasy). The experience of traders with the stock exchange, Mohamed Al -shimi, one of the traders trading on the Commodity Exchange, says in his interview with “Al -Sharq”: “Trading on the commodity exchange had benefits, which the trader can achieve the opportunity by organizing the prices of buying and selling.” AL -SHIMI added: “I traded the sugar product before I stop it, and today there is a big difference as the traders burn prices on other traders, which were banned by the Commodity Exchange by the organization.” “The market is a witness to an intense activity these days, as many people flock to the sugar commodity in the hope of raising prices like last year,” according to Al -Shimi. AL -SHIMI explained that the commodity exchange. “It plays an important role in organizing the market and determining fair prices for buyers and sellers, which contributes to stability.”