Egypt to buy 180,000 tonnes of Indian wheat - supply minister - News Summed Up

Egypt to buy 180,000 tonnes of Indian wheat - supply minister


Egypt relies mainly on imported wheat to make heavily subsidised bread available to more than 70 million of its 103 million population. As Egypt sought to diversify import origins, Supply Minister Aly Moselhy said in May that it had agreed to buy 500,000 tonnes of wheat from India. That could save around 500,000 tonnes of imported wheat, importing 5-5.5 million tonnes of wheat for the 2022/23 fiscal year, he added. Another idea being tested was supplementing wheat flour with potatoes. Current wheat reserves are sufficient for nearly 6 months after procurement of 3.9 million tonnes in the local harvest, according to Moselhy.


Source: The North Africa Journal June 27, 2022 04:15 UTC



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