Egypt's strategic wheat reserves secure for 6 months

Image used for illustrative purpose. A farmer holds wheat grains on a field in the El-Menoufia governorate, north of Cairo, Egypt May 16, 2017.

In addition, the country’s strategic reserves for subsidized sugar is sufficient for 14.9 months, while reserve for cooking oil covers 7.4 months, Farouk said

Staff Writer, Arab Finance

September 19, 2024

PHOTO
Image used for illustrative purpose. A farmer holds wheat grains on a field in the El-Menoufia governorate, north of Cairo, Egypt May 16, 2017.

Egypt's strategic reserve of wheat is currently sufficient for six months, Minister of Supply Sherif Farouk told Asharq Business.

In addition, the country’s strategic reserves for subsidized sugar is sufficient for 14.9 months, while reserve for cooking oil covers 7.4 months, Farouk said.

The minister also noted that reserves of frozen poultry and fresh meat are sufficient for 10.2 months and 7.7 months, respectively.

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