Egypt: Wheat reserves are sufficient for 3.3 months after contracting for 120,000 tons from Ukraine

Published 2023년 3월 19일

Tridge summary

The article outlines the current status of Egypt's wheat strategic reserve, which stands at a 3.3-month supply, ready for the local harvest season's commencement in mid-April and ending in July 2023. The country has secured a contract to purchase 120,000 tons of Ukrainian wheat, expected to arrive between April 15 and 25. Additionally, Egypt is contemplating its decision regarding a potential withdrawal from the World Grain Trade Organization, with the process still under review.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, announced that the strategic reserve of wheat is sufficient for a period of 3.3 months, and that the season for harvesting and supplying local wheat will begin in mid-April and continue until the end of July 2023. The General Authority for Supply Commodities, affiliated to the Ministry of Supply and Internal Trade, had contracted to purchase 120,000 tons of Ukrainian wheat, provided that these quantities would reach Egyptian ports in the period from 15 to 25 April. Egypt is also still studying its withdrawal from the World Grain Trade Organization agreement, which submitted a request to the organization last February to withdraw from July 1, 2023. Al-Moselhi ...

Source: Almalnews