Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Finance Min.: Wheat Stocks Suffice Egypt until End of Year

Mon 23 May 2022 | 05:56 PM
Ahmed Moamar

Finance Minister (Min.) Dr. Mohamed Maait has warned of the repercussions of the Russian-Ukrainian crisis, which could cause a global food crisis that may threaten millions of people worldwide with the risk of starvation due to the rise in food prices.

Dr. Maait said - in an interview with the British newspaper "Financial Times", during his current visit to London - that "despite the looming global food crisis due to the war in Ukraine, and the warnings of the United Nations and the Group of Seven countries (G7) about the growing concerns about the shortage of wheat crop throughout the world", but Egypt has enough wheat until the end of this year.”

"We must be very vigilant about the global food insecurity crisis. This danger threatens the death of millions of innocent people from starvation," he added.