World Courant
Egypt desires to import wheat from Turkey, amongst different sources, the top of Egypt’s Common Authority for the Provide of Commodities, Hossam al-Garahy, reported on the Asharq Enterprise web site on Monday.
Egypt, one of many world’s largest wheat importers, elevated its wheat imports by 28.3 p.c within the first half of this yr, as US {dollars} grew to become accessible in banks and international wheat costs fell, a authorities official who spoke to Asharq earlier mentioned.
The nation imported 6.8 million tonnes, in comparison with 5.3 million tonnes in the identical interval final yr.
Garahy added that “the dimensions of the nation’s strategic wheat reserve was 6.3 months, sugar 13 months, oil sufficient for six.2 months, frozen and stay meat contracts sufficient for 10 months, and poultry contracts sufficient for 10 months.”
Egypt sometimes purchases round 12 million tons of wheat from overseas every year for the private and non-private sectors.
Based on an October report by the US Division of Agriculture, the nation was among the many prime wheat shoppers within the 2023/24 season with greater than 20 million tonnes, representing 2.6 p.c of world consumption.
Egypt desires to import wheat from Turkey
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