Egypt Bought 1.4 million Tonnes of Wheat in 3 Months – Official

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In three months, Egypt has bought 1.420 million tonnes of wheat, at a total cost of EGP 2.9 billion ($405.5 million), said an official at the main government wheat buying agency.

According to Mamdouh Abdel Fattah, vice chairman of state-owned General Authority for Supply Commodities (GASC), Egypt has bought around 1.420 million tonnes of wheat during the period from first of July until the end of September.

The Egyptian official further said Romania and Russia are capturing the lion’s share of Egypt’s total wheat imports in the last three months.

Out of the 1.420 million tonnes, Egypt imported around 600.000 tonnes from Romania, 470.000 million tonnes from Russia, 240.000 from France, 55.000 from Ukraine and 55.000 from the United States.

Hence, Egypt’s strategic stocks of domestic and imported wheat are sufficient until mid-February 2015, the minister told Amwal Al Ghad on Wednesday.

Egypt is the world’s largest wheat importer, which usually purchases around 10 million tons of wheat per year from international markets and uses a mixture of domestic and imported wheat for its subsidised bread program.

The table below demonstrates the list of wheat exporters to Egypt during July-September:

Country

Amounts Exported to Egypt

Share of Egypt’s total Wheat Imports

Romania

600.000

42.2%

Russia

470.000

33.09%

France

240.000

16.90%

Ukraine

55.000

3.88%

USA

55.000

3.88%

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