Egypt's Strategic Wheat Reserves Sufficient until July 31

The Ministry of Supply and Internal Trade said on Wednesday that the country's strategic wheat stocks are sufficient until the end of July 2021.

The ministry added that the General Authority for Supply Commodities (GASC) has signed contracts to buy 480,000 tons of wheat from March 15 to 30.

Contracts were signed with Russia, Romania and France.

The authority indicated that the move is part of the authority’s efforts to increase wheat stocks in the country.

According to data from the World Food Organization (FAO), the volume of Egyptian imports of wheat reaches 12.5 million tons annually, the biggest wheat importer in the world.