GEM CORP Commodities Trading SA has signed a deal to supply 900,000 metric tons of wheat at a total price of USD 175.57 million, The Reporter has learnt.

The Public Procurement and Property Disposal Service (PPPDS) has awarded two companies, GEM CORP Commodities Trading SA and AGRO CORP International PTE LTD to supply 600,000 metric tons of wheat at the price of USD 116.53 million (3.38 billion birr), The Reporter has learnt.

The Public Procurement and Property Disposal Service (PPPDS) awarded GM Corp, a London based company to supply 400,000 metric tons of wheat at the price of 97.73 million (2.73 billion birr), The Reporter has learnt.

The government of Ethiopia is in the process of buying a 5.2-billion-birr medicine in fear of potential epidemic outbreak at camps where Internally Displaced Peoples (IDPs) are sheltered. This was disclosed at a press briefing by the head of Prime Minister’s Press Secretariat, Nigussu Tilahun on Thursday May 10, 2019.

Despite the depleting national wheat stock, the Government of Ethiopia (GoE) is contemplating to cancel an earlier wheat supply contractof 400,000 metric tons at USD 108 million (3.04 billion birr), which was awarded to WifagMabrouk General Trading and its local partner Aplas Importer Plc, a little over a month ago, The Reporter has learnt.

Agro Corp, another new entrant into the Ethiopian market gave the lowest offer of USD 135.24 million (3.786 billion birr) for the supply of 600,000 metric tons of wheat, The Reporter has learnt.

Months after it was awarded to supply 400,000 metric tons of wheat with USD 108 million (3.04 billion birr), WifagMabrouk General Trading and its local partner Aplas Importer Plc,have failed to proceed with the supply after the signing of the contract, The Reporter has learnt. 

The Ethiopian Agricultural Business Corporation is to procure 100,000 metric tons of different kinds of fertilizers, The Reporter has learnt.The fertilizers include NPS, NPSB and NPSZnB.

GM Corp, a new entrant to the Ethiopian wheat market, has managed to give the lowest offer of USD 97.73 million (2.73 billion birr) for the supply of 400,000 metric tons of wheat, The Reporter has learnt.

Promising International, the Dubai based trading company with growing interest within Ethiopia in the importation of wheat, is fighting back against lingering accusations of having supplied damaged and contaminated wheat to the Ethiopian market.