Strategic wheat reserves enough to last until early April: Egypt’s Supply

Egypt’s strategic wheat reserves are sufficient to last until the beginning of April, the country’s Supply Minister Mohamed Ali Meselhy said in a cabinet statement late on Wednesday.

The new reserve figure was released after Egypt’s state-owned General Authority for Supply Commodities (GASC) bought 360,000 tonnes of Russian, Argentine and Romanian wheat on Tuesday in a tender.

Meselhy said the government had bought a total of 840,000 tonnes of wheat. Egypt is the world’s biggest importer of wheat.

Source: Reuters