Wheat supplies to last until December, minister claims

Supply Minister Bassem Ouda on Monday told Al-Hayat satellite channel that Egypt’s current wheat reserves will cover public demand until 1 December.

The government has also bought 3.5 million tonnes of wheat this season, he added.

Egypt, the largest importer of wheat in the world, aims to produce more of the crop this year so as to reduce imports, as the Egyptian pound continues to struggle against foreign currencies.

President Mohamed Morsy’s administration aims to provide 9.5 million tonnes of wheat, half of which the government buys off to subsidize bread production.

The General Authority for Supply Commodities on 30 May said it had sufficient stock for at least 5 months, predicting an additional supply for another 2 months after harvest this year.

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