Egypt’s Supply Says Wheat Is Sufficient Till 7th April 2014

Egypt, the world’s biggest wheat importer, has current stock of wheat sufficient till April 7th of 2014, the country’s Supply Minister Dr. Mohamed Abu Shady asserted on Sunday.

“The strategic government stocks of local and imported wheat are enough  until 7 April 2014” the Egyptian minister, told in a telephone interview to Reurters.

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.

Egypt bought last Tuesday 120,000 tonnes of Russian and Romanian wheat for shipment Jan. 21-31, the main government wheat buying entity the General Authority for Supply Commodities (GASC).