Lasting a while: Egypt boasts 6-month supply of wheat

Published July 11th, 2014 - 02:21 GMT

Egypt, one of the world's largest wheat importers, said on Thursday it had enough wheat to last for six months.

"Through what we have purchased locally and our import contracts, we now have enough wheat to last until the beginning of next year," ministry spokesman Mahmoud Diab said.

Egypt purchased 3.7 million tonnes of local wheat and also bought 5.46 million tonnes of wheat from abroad during the 2013-2014 fiscal year which ended June 30.

In the new 2014-2015 fiscal year since then, the main state grain buyer, the General Authority for Supply Commodities, has held two tenders and bought 480,000 tonnes of Romanian and Russian wheat.

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