Trade4go Summary
The Egyptian government has confirmed that the nation's strategic reserves are sufficient to meet consumption needs for several months, with wheat reserves lasting four months, sugar for 13.5 months, and vegetable oils for 6.3 months. In efforts to secure wheat supplies, Egypt's state agency Mostakbal Misr signed agreements with European exporters in January, including barter deals, and secured direct contracts for 1.267 million tons of wheat, mainly from Russia, in December.
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Original content
The Egyptian government said that the country’s strategic wheat reserves are sufficient for four months of consumption. This is reported by the Asharq Al-Awsat newspaper. According to the official statement, sugar reserves are enough for 13.5 months, vegetable oils – for 6.3 months. In January, the Egyptian state agency Mostakbal Misr signed several agreements with European exporters on wheat supplies, including barter agreements. ...