Arab Finance: Egypt’s strategic wheat reserves are sufficient for three months, Minister of Supply and Internal Trade Ali Moselhy told Asharq Business.
He added that the strategic reserves of sugar are sufficient for 7.5 months.
Meanwhile, reserves of subsidized cooking oil, frozen meat, and fresh meat are sufficient for 4.8 months, 3 months, and 10 months, respectively.
On a related note, Moselhy stated that the country targets procuring 3.5 million tons of wheat from local farmers during the current season.