As he held a meeting with Prime Minister Mostafa Madbouli, Moselhi said the wheat supply season is still ongoing until the required quantities of wheat are delivered, according to a statement by the Egyptian Cabinet on Thursday.
Egypt's Supply Minister Ali Moselhi said Egypt seeks to increase strategic wheat reserves capacity to five million tons as he spoke during a ceremony held in the presence pf President Abdel Fattah El-Sisi to start the harvest season in Upper Egypt’s Toshka project.
Egyptian President Abdel Fattah El-Sisi instructed the government to work on maintaining the continuity of the state’s basic food commodities strategic stockpile and to follow up on their market prices.
During the meeting, chaired by Prime Minister Mostafa Madbouly, Moselhi said the Ministry of Supply has secured more than 400 points to receive local wheat this year, affirming that there are enough strategic capacities to receive this quantity of local wheat.
During a meeting with representatives, manufacturers and importers of cooking oil, Moselhi said there are sufficient quantities of cooking oil whether raw materials or bottled ones.
The move is meant to follow up all trade activities in order to prevent any commercial fraud and control markets.
"Egypt is the only country in the Middle East and Africa, which achieved a growth rate of 2.4 percent, despite the Covid-19 crisis," Moselhi noted.
Ministry of Supply and Internal Trade said the signed agreements include the establishment of an integrated Italian trade and logistics entity in Egypt.
Minister of Supply and Internal Trade Ali Moselhi said Sunday that Egypt's huge strategic reserve of commodities is sufficient for the coming months.
Moselhi added that the strategic reserves of sugar and edible oil are enough for 3.7 months.
The price of gasoline 92 increased from LE 5 per liter to 6.75, while the price of gasoline 80 rose from LE 3.65 per liter to LE 5.50.
Minister of Supply Ali Moselhi said Thursday that Egypt’s strategic rice reserves are enough to last until the end of April.
The first Egyptian- manufactured smartphone "SICO" was launched on Sunday.
Minister of Supply and Internal Trade Ali Moselhi on Saturday chaired a meeting of the wheat higher committee to discuss preparation for the new season.
Ali Moselhi said that the storage capacity for wheat in Egypt reached 4.1 million tons via the Egyptian Holding Company for Silos and Storage and the silos firms.
The second phase of the My Association (gam'ity) project launched Monday, according to Minister of Supply Ali Moselhi.
Supply and Internal Trade Minister Ali Moselhi stressed the ministry's keenness on implementing an all-out restructuring plan of the Food Industries Holding Company before mulling its listing at the Egyptian Exchange.