Supply and Internal Trade Minister Ali Moselhi said sugar production currently suffices 85 percent of Egypt's need and that the country is expected to achieve self-sufficiency next year.
During a phone call with Sada El-Balad satellite channel late on Wednesday, the minister said Egypt has achieved a quantum leap in sugar production since President Abdel-Fattah El-Sisi assumed his post in 2014.
What was achieved during El-Sisi's seven years in power was not achieved in any time before, he added.
In 2014, wheat silos' storage capacities were estimated at 1.4 million tonnes, however, they increased over the past seven years to reach 3.4 million tonnes, he said.
He added that Egypt consumes 10 million tonnes of wheat annually.
He unveiled a plan to set up wheat silos in Toshka after the cultivation of one million feddans with wheat within the coming three years to produce 3 million tonnes.
He said Egypt's strategic reserves of wheat are sufficient for six months and a half.
He noted that Egypt imports wheat for $878 per tonne and buys it from local wheat farmers for EGP 725 per ardeb (150 kilograms).
The minister said that the ministry procured EGP 15 billion worth of wheat from farmers this season.