Egypt’s Ministry of Supply and Internal Trade said in a statement on Sunday that the country aims to purchase five million tons of local wheat during the upcoming harvest season.
اضافة اعلان
Egypt is one of the world’s largest wheat importers. The government purchased nearly four million tons of wheat during this year’s local harvest season.
The season runs from mid-April to mid-August.
According to the statement, the government’s plan “aims to reach the procurement of five million tons of local wheat during the next season, in line with the directives of the political leadership to achieve self-sufficiency in subsidized wheat.”
It added that last year’s local wheat procurement season witnessed a significant increase, with supply volumes rising by about 17%, bringing the total amount delivered to more than four million tons.
The statement quoted Minister Sherif Farouk as saying that “the decline in import volumes this year is a positive indicator of the growing reliance on local wheat.”
He also noted that Egypt’s strategic reserves of essential commodities are “safe and reassuring,” pointing out that the reserves of several key goods “exceed the levels recorded during the same period last year.”
Reuters
