Wheat
At a press conference, the minister said wheat delivery will continue till the end of August.
The capacity of each silo is 5,000 tons.
The G7 ambassadors to Cairo issued Tuesday a joint statement affirming their countries' support to Egypt to overcome the grain crisis incurred by the Russia-Ukraine War.
Those would create 250,000 direct and indirect jobs, and hopefully, improve the flow of supply chains in Egypt.
The authority said in a statement on Wednesday these quantities were divided as follows: 115,000 tons of Russian wheat to be shipped in the period from July 20-31, 2022; and 240,000 tons of Romanian wheat to be shipped from August 1-10, 2022.
President Abdel Fatah al-Sisi received Wednesday at Al Itihadiyah Presidential Palace European Commissioner for Neighborhood and Enlargement Oliver Varhelyi.
Those are coming from four countries.
The ministry has secured 450 points to receive local wheat this year, Moselhi said, affirming that there are enough strategic capacities to receive the targeted quantity of local wheat, it noted.
Minister of Supply and Internal Trade Ali Moselhi said that the country’s strategic stock of wheat is sufficient for nearly four months.
In an interview with the Financial Times during a visit to London, Mohamed Maait warned of “food insecurity” around the world. However, he insisted Egypt had enough wheat to last until the end of the year.
The company underscored that the new silos will be close to the production sites in order to reduce the costs of transport and fuel.
Moselhi made the statements at the inauguration of 'Future Project for Agricultural Production' at Dabaa-Rod El-Farag road on Saturday, which comprises more than a million feddans.
Sisi’s remarks during the inauguration of 'Future Project for Agricultural Production' at Dabaa-Rod El-Farag road on Saturday, which comprises more than a million feddans.
Egypt's 'Future Project for Agricultural Production' comprises more than a million feddans, which represents around 50 percent of the New Delta agricultural project, Bahaa El-Ghannam, the director of the project said during the ceremony.
Egypt’s Minister of Supply and Internal Trade Ali al-Moselhi affirmed that the four shipments that were contracted with Ukraine are stranded in the black Sea due to the ongoing Russian-Ukrainian conflict, Al Shorouk newspaper reported on Wednesday.
During a meeting for the Cabinet in the New Administrative Capital, Madbouli said the wheat supply system is operating with high efficiency.
This conference came as a result of implementing President Sisi's directives, especially since the crisis is expected to last longer than expected, according to Prime Minister Mostafa Madbouli.
The finance ministry raised estimates of the average price of a ton of wheat, on which the budget was built, to $330 per ton, compared to estimates of $255 per ton in the current fiscal year’s budget.
He added that 220,000 feddans were cultivated with wheat this year, despite some challenges topped by water scarcity.
The cultivated area of wheat this season has reached about 3.6 million acres, with expected productivity of more than 10 million tons, he added.
