Ali al Moselhi
Consequently, the deficit of 1 million tons of sugar will be filled, and Egypt will have enough stock until February 2025, when the new crop of local production arrives.
It’s worth noting that in Egypt there are two types of bread, one of them is the tourist bread which is unsubsidized bread that a citizen buys without a ration card.
Furthermore, he anticipated a forthcoming decrease in the prices of essential food commodities, projecting a potential reduction of up to 25 percent in the coming weeks.
This initiative is a response to the government's directive to address the recent market price discrepancy and restore order.
Minister Moselhi emphasized that Egypt’s strategic reserves of wheat can sufficiently cover Egyptians’ needs for 4 and a half months
Under the new measures, individuals holding ration cards will be entitled to an additional kilogram of sugar, extending the allowance for up to three people
Al Moselhi revealed that the government is actively working towards positioning Egypt as a prominent exporter of gold to Gulf countries, Italy, and Africa.
The hubs will provide facilities for the refrigeration, packing, and sorting of food products for local market distribution and exports
Through the 5-year agreement, Egypt will import milling wheat worth $100 million per year.
Ali al Moselhi headed on Tuesday for Dubai, the United Arab Emirates, to take part in an international conference on mills which lasts till Thursday.
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