Does the decision to stop the export of wheat, flour and pasta protect the strategic stock in Egypt?

Published Mar 11, 2022

Tridge summary

The Ministry of Commerce and Industry in Egypt has temporarily banned the export of several agricultural products including crushed and gravel beans, lentils, wheat, flour, and pasta for the next three months to control the rising prices and ensure the availability of these essential food items for the local population. This decision aims to prevent the unjustified increase in food and strategic product prices, as seen in other countries like Ukraine, and to maintain the strategic stockpile of these commodities. The move is seen as a necessary measure to stabilize the market and protect the interests of Egyptian citizens, particularly in light of the economic challenges and the dependence on imports from Russia and Ukraine.

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Original content

The Ministry of Commerce and Industry issued a decision to stop the export of crushed and gravel beans, lentils, wheat, flour of all kinds, and pasta for a period of 3 months from the date of issuing the decision, so that the state can control the rise in prices and the unjustified increase in the price of food and strategic products. The decision has merit in protecting products from entry For his part, Dr. Khaled El-Shafei, an economist and head of the Capital Center for Economic Studies, commented that the state’s decision to stop the export of pasta, wheat and flour abroad is a correct decision by the state and preserves the strategic stock and preserves the needs of the Egyptian citizen of these commodities under these difficult circumstances. Al-Shafei added that the decision is in line with Ukraine’s decision to stop exporting wheat, and Egypt has a strategic stockpile that suffices it for a period of five months, in addition to the start of the wheat ...

Source: Soutalomma