The ambassador stipulated that Egypt backs all efforts that would guarantee the flow of grain exports from all world countries to the global market.
President Abdel Fatah al-Sisi launched Sunday the wheat harvest season, and inaugurated a potato processing factory at East Owainat in the New Valley.
Hussein Abdul Rahman Abu Saddam, Head of the General Syndicate of Farmers, said in a statement that the authorities aim to purchase a total of 4 tons of wheat from the local farmers.
The government has started to buy the local wheat from the beginning of this April to the mid-August, with an additional cost to increase the price of one ardab (150 kilograms) by 74% from 865 EGP to 1,500 EGP, Maait added.
The organization failed to play an effective role during the global crisis in 2008 to secure its members needs.
Mohamed noted that this comes within the framework of President Abdel Fattah El-Sisi's interest in expanding the cultivation of strategic crops, especially wheat.
Speaking on the fringe of his participation at the inaugural of Cairo Food Summit in its first edition, Moselhi noted that cooking oil reserves are enough for 5.1 months.
The purchase was funded by the World Bank, the authority added, noting that the price was made at $317.50 per ton, including cost and freight, Al Arabiya net reported on Thursday.
The Minister affirmed Egypt’s keenness to secure wheat demands for its citizens.
The contracts include the approval of “Egypt’s conditions” regarding the requirements for “moisture contents,” the statement added.
Abramchenko said that Turkey had paid for providing it with Russian grain in rubles, adding that Moscow is currently studying the possibility of carrying out similar supplies to Egypt.
Prime Minister Mostafa Madbouli announced on Wednesday increasing the local wheat procurement price to LE 1,250 per ardeb during the upcoming harvest season up from LE 1,000, the guide price set by the government last year.
This came during his meeting with his African counterparts, in the presence of the International Monetary Fund and the United Nations Economic Commission for Africa, on the sidelines of his participation in the IMF and World Bank meetings in Washington.
Moselhi called for adopting accuracy principle, while talking about figures and statistics and volumes of exports and imports of foodstuffs, particularly wheat.
The shipment, which includes Ukrainian wheat, was purchased before the Russia-Ukraine crisis.
Minister of Supply and Internal Trade Ali al-Moselhy made the statement Wednesday.
Egypt’s Atomic Energy Authority succeeded recently in expanding the peaceful uses of atomic energy in different fields, which sends a clear message to the world on the country’s keenness to adhere to standards of the International Atomic Energy Agency.
The General Authority of Red Sea Ports declared Sunday the arrival of "Wadi al-Karnak" ship.
Since the outbreak of the Russian-Ukrainian crisis, about 1.8 million tons of wheat of various origins have been imported.
This comes after Serbia recently obtained a certificate for exporting wheat, apples, and “beef as well,” according to the country’s president.