date:Jul 16, 2013
A funding crunch has triggered smaller shipments of grains, likely to create congestion at Egyptian ports as the Black Sea crop comes in, an executive at one of Egypt's largest grain importers said.
Private traders are importing smaller amounts more regularly, partly due to financing issues, which is putting more pressure on ports, Salah Tawfik, general manager at Medsofts, told Reuters.
More than two years of turmoil have spooked investors and deterred tourists, hitting two of Egypt's main so