Egypt's Minister of Supply Ali Moselhy said that there was about 2.6 months worth of wheat in Egypt's strategic reserves. Egypt's local wheat harvest begins around mid-April and runs through July. The North African country has been tightening its policing local wheat procurement to prevent fraud. Moselhy said state grain buyer GASC would continue to import during the harvest aiming to increase strategic reserves to six months. Higher-than-usual bread consumptionGovernment figures for reserves have in the past often included wheat not yet in the country, a tactic traders say inflates the country's level of strategic reserves.

Source: The North Africa Journal April 26, 2017 14:03 UTC