Minister of Supply Ali Meselhy - File photo
CAIRO – 23 October 2017: Supply Minister Ali Meselhy on Monday said Egypt's strategic stock of wheat is sufficient for for four months.
The sugar is sufficient for 5.2 months and edible oils for 3.2 months, the minister added in a press conference following his meeting with Prime Minister Sherif Ismail.
The strategic stock of rice is sufficient for one month, the minister said.
He added that rice's new crop would achieve self-sufficiency.
Meselhy said the government seeks to maintain prices by intervening to control markets just when needed.
The Supply Ministry managed to reduce sugar price from EGP 10 to 9.5 per kilo and poultry from EGP 31 to 29 per kilo, the minister said.
He added that a 48,000 tons-estimated stock of frozen poultry is sufficient for about four months, alongside the contracts of the National Service Projects Organization.
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