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Elham AbolFateh

Egypt

Egypt’s wheat stocks to cover up till May: ministry

Thursday 11/January/2018 - 10:31 PM
Sada El Balad
Ahmed Mohsin
Egypt’s Ministry of Supply has said the wheat stocks sufficient to cover up the domestic demand for this product during five months until May.

In media remarks، the ministry spokesman Mamdouh Ramadan said that government aims at providing all needs of strategic commodities.

Egypt had planned to purchase 180،000 tonnes of milling wheat for delivery in the February 11-20 period. It expected to receive bids on wheat from France، Bulgaria، Australia، Poland، Germany، the UK، Romania، Russia، Ukraine and several other countries.

The tender on Tuesday resulted in the acquisition of 115،000 tonnes of Russian wheat.

Egypt has already purchased a record amount of Russian wheat in the current season: 3.605 million tonnes (excluding the latest tender)، which accounts for 78% of total purchases.

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