Supply Minister: Strategic Reserve of Basic Commodities Exceed 7-month

Ali Al-Moselhi, Minister of Supply said that the strategic stock of basic commodities exceed 7 months and that there are no problem in providing them to the local market.

This came during the press conference held Tuesday on the sidelines of the opening of the activities of the 8th session of the International Trade Fair for Food and Beverages “Food Africa”, which was held from December 12 to 14 at the Egypt Exhibition Center with the participation of 900 companies representing 32 countries in addition to 500 international buyers.

The minister of supply added that the reserve of wheat is sufficient for up to 4.8 months, the reserve of food oils is sufficient for up to 6 months, and the reserve of sugar is sufficient for up to 7.8 months.

The minister added that there is no sugar crisis in the local market, and that sugar designated for the food industry is provided to companies operating in this sector, noting that there is continuous communication with the Federation of Egyptian Chambers of Commerce and Industries in this regard.

Al-Moselhi issued a Ministerial Directive, which includes increasing the availability of the supply of sugar to meet the required needs, as one kilogram of sugar will be disbursed to the ration card that has 3 beneficiaries or less, and 2 kilograms of sugar will be disbursed to the card with 4 or more beneficiaries at a price of 27 pounds a kilo.

Al-Moselhi revealed that it was agreed with Essam Saad, Governor of Assiut, to establish a logistical zone for pomegranates in the Badari area, because of the added value that must be worked on for the agricultural product, which gives great value to the Egyptian product.

Al-Moselhi pointed out that there is great importance in digitizing agricultural sector, including lands and products so that they can be exported to global markets using the latest methods, saying: “In order to grow, we must work hard.”

He explained that the agricultural sector in Egypt has witnessed significant growth over the past period, and all parties working in the sector must work together to increase growth rates, which will help and contribute to improving their exports to foreign markets.