Strategic wheat reserves enough to last until mid-January 2017: Egyptian minister

Egypt, the world’s biggest buyer of wheat, has enough strategic reserves of the commodity to last until mid-January 2017, Supply Minister Khaled Hanafi said on Tuesday.

Egypt said, this month, it received 5 million tonnes of wheat from local farmers since the start of its harvest season on April 15, more than its target of 4 million tonnes.

source: Reuters