Economy

Egypt says strategic wheat reserves enough to cover its needs until February

CAIRO, Oct 18 (Reuters) – Egypt, the world’s largest wheat buyer, has enough strategic reserves of the grain to cover its consumption needs until February, the Supply Ministry said in a statement on Friday.

The state’s grains buyer, the General Authority for Supply Commodities (GASC), bought 405,000 tonnes of wheat at its last purchase tender on Oct. 16. (Reporting by Momen Saeed Atallah; Writing by Nadine Awadalla; Editing by Mark Potter)

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