Egypt: The General Authority for Supply Commodities contracted 430 thousand tons of imported wheat, the stock is sufficient for more than 6 months

Published 2024년 9월 12일

Tridge summary

The General Authority for Supply Commodities has secured a deal to import 430,000 tons of wheat from Russia at $235 per ton to enhance Egypt's commodity reserves for over six months. Dr. Sherif Farouk, Minister of Supply and Internal Trade, assured that the subsidized wheat stocks are sufficient for 6.1 months to sustain the local bread system. Alongside Dr. Ahmed Al-Ansari, the Minister inspected various facilities in Fayoum, including a metal silo, an automated bakery, and production lines at the Central Egypt Mills branch. They evaluated both the old cylinder mill with a capacity of 170 tons/day and the new Buhler cylinder mill, noting their capacities and production processes.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The General Authority for Supply Commodities has contracted for 430,000 tons of imported wheat from Russia at a price of $235 per ton as part of the Ministry of Supply and Internal Trade's plan to boost the country's stocks of various commodities for a period exceeding six months. Dr. Sherif Farouk, Minister of Supply and Internal Trade, said that the country's stocks of subsidized wheat are 6.1 months, in order to provide all the necessary needs for the subsidized local bread system. Dr. Sherif Farouk, Minister of Supply and Internal Trade, and Dr. Ahmed Al-Ansari, Governor of Fayoum, inspected the metal silo, the automated bakery and the production lines at the Central Egypt Mills branch in Fayoum City. The Minister of Supply inspected the old cylinder mill in Fayoum, with an actual capacity of 170 tons/day, and followed up on the work stages and production lines in the mill, which start with receiving wheat with a capacity of 50 tons/hour, with a storage capacity of 3,000 ...
Source: Soutalomma

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