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Ahmed Musa: Egypt's wheat reserves last 6 months
The Minister of Supplies, Ahmed Musa, announced that Egypt has a wheat stockpile sufficient for six months, despite the increase in the price per ton from $275 to $300. He confirmed that the reserve is enough until the upcoming Ramadan. He clarified that Egypt imports approximately 18-19 million tons of wheat annually, and about 5 million tons have been received from local farmers. The ministry is working on diversifying import sources from Romania, Bulgaria, and France as part of a hedging policy to enhance stockpiles and secure needs. Additionally, the government is considering purchasing larger quantities of wheat to increase the strategic reserve.
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