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Friday, 15 November 2019

Egypt's strategic sugar, rice reserves sufficient for 3 months: Ministry

The country also has enough vegetable oil to meet demand for a minimum of three months, according to the supply minister

Ahram Online , Friday 8 Nov 2019
sugar
File Photo: Bags of sugar are stacked inside the government food outlet in Cairo, Egypt August 29, 2017. (Photo: Reuters)
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Egypt has sufficient strategic sugar reserves to last at least three months, the supply ministry said on Friday, without specifying the size of the reserves.

The country also has enough rice and vegetable oil to meet demand for a minimum of three months, the ministry added in a statement.

In September, Egypt’s Supply Minister Ali Moselhy said the country had enough locally produced rice to meet consumption needs for over five months and there would be no need for imports in the current financial year, which started in July.

In 2018, Egypt went from being an exporter of rice to an importer, after the country moved to cut its rice cultivation in a bid to preserve its scarce water resources.

Cairo fears the Grand Ethiopian Renaissance Dam, a giant hydropower dam Ethiopia is building upstream on its section of the Nile river, will diminish its water supply when in operation.

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