Tammun contracts to buy 360 thousand tons of Romanian wheat

Published 2021년 3월 11일

Tridge summary

The Ministry of Supply and Internal Trade in Egypt has secured a contract to purchase 360 thousand tons of wheat from Romania, deliverable in April, to bolster its strategic wheat reserves. Despite the ongoing contract to purchase local wheat, expected to amount to around 4 million tons, the Ministry assures that Egypt already has a comfortable strategic reserve of wheat, sufficient to last until the end of June 2021. The country's oil supply reserve is also well-stocked, ensuring availability until late June, and sugar stocks are plentiful, ensuring self-sufficiency in rice up until December of this year.

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Original content

The Ministry of Supply and Internal Trade, represented by the General Authority for Supply Commodities, has contracted to purchase 360 thousand tons of Romanian wheat, with the shipment period being next April, within the framework of strengthening the country's strategic assets of the commodity wheat, to maintain the strategic balance of wheat for five months. It is worth noting that the Ministry of Supply confirmed the availability of a good strategic reserve of wheat and all strategic commodities, as the strategic reserve of wheat reaches 4 months, sufficient until the end of June 2021. In addition to the expectations of the Ministry of Supply to receive approximately 4 million tons of local wheat during this season , Which starts in mid-April, and then the strategic wheat reserves rise. The Ministry of Supply stressed the existence of a ...

Source: Akhbarelyom