Egypt awaits arrival of 5 cargo ships carrying wheat from 4 countries - News Summed Up

Egypt awaits arrival of 5 cargo ships carrying wheat from 4 countries


CAIRO – 1 June 2022: Head of the Procurement and Storage Sector at the Holding Company for Silos affiliated with the Ministry of Supply and Internal Trade Yasser Tawfik stated in a phone-in Tuesday that Egypt is awaiting the arrival of five cargo ships carrying wheat imported from four countries. The vessels are expected to dock at Egyptian seaports in the first week of June coming from Bulgaria (55,000 tons), Russia (63,000 tons), and France (63,000 tons). The ministry has secured 450 points to receive local wheat this year, Moselhi said, affirming that there are enough strategic capacities to receive the targeted quantity of local wheat, it noted. Earlier in March, Moselhi said that Egypt’s strategic reserve of wheat is sufficient to last the country through 3.4 months. Egypt has already raised the price of ardeb from LE 710 to nearly LE 810 last year to encourage farmers to supply local wheat.


Source: Egypt Today June 01, 2022 14:32 UTC



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