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CAIRO / Reuters
Egypt, the world’s largest wheat importer, has procured 3 million tonnes of wheat from local farmers since the harvest began in mid-April, the Supply Ministry said in a statement on Monday.
The local procurement season runs until July and the ministry has said it is targeting between 3.5 million and 4 million tonnes of local wheat this year.
Egypt uses around 9.5 million tonnes of wheat to make its subsidised bread – about 4 million tonnes from the local harvest and 5.5 million tonnes from imports.
The supply ministry has said that it plans to continue making international purchases this year during the local buying season
to boost the country’s strategic
reserves.
The local harvest runs through July but the supply ministry
has said it plans to continue
making international purchases
this year to boost the country’s strategic reserves.