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Egypt's Wheat Stocks to Last 6 Months
Egypt's Minister of Supply and Internal Trade, Sherif Farouq, confirmed that the country is not facing a food security crisis despite global challenges. He stated that the wheat stockpile is sufficient to last for the next six months. He also noted that the price of a ton of wheat has increased from $275 to $300, and that Egypt imports between 18 and 19 million tons annually, with around 5 million tons received from local farmers. The country sources wheat from Romania, Bulgaria, and France, which is expected to deliver approximately 50,000 tons soon. The government is also considering purchasing larger quantities to bolster reserves and secure the market in the coming period.
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