Egypt has no need to purchase wheat shipments from global market until end of 2022

CAIRO - 9 March 2022: Egypt has a balance of wheat reserves that is sufficient for 4 months, and therefore there is no need to purchase any additional shipments during that period, according to the Prime Minister, Mostafa Madbouli.

 

Madbouli said, during the press conference held, Wednesday, that as of mid-April, the wheat harvest season will begin, assuring Egyptians, "that we, as a country, have no need or resort to the global market until the end of this year."

 

With regard to the loaf of bread and the increase in the high price of wheat, he said: "We will not buy any shipments because we have a sufficient balance of wheat until the end of 2022."

 

He pointed out that the government expanded in all outlets to provide goods at relatively low prices, noting the holding of the first meeting yesterday of the crisis committee that was formed to follow up on the Ukrainian-Russian crisis, to monitor the markets to prevent goods being stored or hidden.

 

He also pointed out that a meeting was held with the Chambers of Commerce to ensure that the existing price is the fair price and that circumstances are not exploited and that there will be a rise in prices.