Grains
He explained that the project reflects a comprehensive vision that includes the establishment of modern silos, advanced transportation and handling facilities, value-added food industries, and integrated logistics centers.
He noted that local wheat production has reached around 3.5 million tons, alongside contracts to import approximately one million tons. The total stock is expected to rise to nearly 5 million tons with the start of the local wheat procurement season in mid-April, which will continue until mid-July 2026.
According to Minister of Supply and Internal Trade, Ali Moselhi, Egypt will officially withdraw from the GTC agreement by June 30 2023, due to the agreement’s insufficiency to provide Egypt with needed grain crops.
Government purchases in the world’s biggest wheat importer rose 80 percent for the first seven months of 2017.
