Egypt's local wheat supply season underway, to continue until August: Supply minister

MENA , Ahram Online , Friday 1 Apr 2022

Egypt's local wheat supply season started on Friday and will continue until the end of August 2022, announced Minister of Supply and Internal Trade Ali Moselhi.


In a statement Friday, Moselhi said that the ministry's central operations room and the supply directorates countrywide started work today to follow up on production and supply of local wheat.

The ministry will receive wheat at more than 400 locations this year, he said, affirming that there is enough storage capacity to receive it.

The ministers of supply and internal trade, finance and agriculture issued a decree in March to start the local wheat supply season for 2022 on 1 April instead of 15 April.

Egypt is expected to source around six million tonnes of wheat during the coming season – around 2.5 million tonnes more than in 2021 – to augment its strategic wheat reserves.

The country's officials have repeatedly offered assurances that its reserves will meet its needs until almost the end of the year.

The country's assurance comes as supply chains of grain from the Black Sea ports to the Middle East and North Africa region have been disrupted by the Russia-Ukraine war.

Russia and Ukraine together account for nearly 30 percent of the world's wheat exports.

Egypt –the world’s top wheat importers – gets around 80 percent of its wheat imports from Russia and Ukraine together.

The country is currently in talks with others alternative markets, including non-European countries.

The supply minister, however, said last week that "there is in no rush to buy at the moment," reported Reuters.

Short link: