Egypt moving towards expanding the cultivation of oil crops

Egypt

Published Nov 30, 2021

Tridge summary

The Ministry of Supply and Internal Trade confirmed the existence of a strategic stock that suffices for six months for most commodities, and for rice for eight months, and to achieve semi-self-sufficiency in sugar. As for the oil commodity, there is a tendency from the state to increase oil crops, and to increase the percentage of dependence on the local product, especially since about 97% of the commodity is imported. The Food Holding of the Ministry of Supply and Internal Trade provides, as of next December, 32 commodities on ration cards, including commodities The strategy such as oil, sugar, rice and pasta, in addition to many of the most commonly used commodities inside the Egyptian home, including flour, industrial marinades, sauce, tea, and Nescafe, to be joined by 4 types of biscuits.

Original content

The Ministry of Supply and Internal Trade confirmed the existence of a strategic stock that suffices for six months for most commodities, and for rice for eight months, and to achieve semi-self-sufficiency in sugar. As for the oil commodity, there is a tendency from the state to increase oil crops, and to increase the percentage of dependence on the local product, especially since about 97% of the commodity is imported. The strategy such as oil, sugar, rice and pasta, in addition to many of the most commonly used commodities inside the Egyptian home, including flour, industrial marinades, sauce, tea, and Nescafe, to be joined by 4 types of biscuits. The Ministry of Supply, represented by the Food Holding, was also keen to include commodities whose prices range between one and three pounds, within the list of the supply commodities system, so that the holders of the ration cards would receive the full amount of the subsidy due to them, without having to leave any change from the ...

Source: Akhbarelyom