The minister was briefing Prime Minister Mostafa Madbouli on the status of the wheat supply nationwide.
The local season will continue for three months as Egypt targets to procure 3.6 million tons of the grain from local farmers.
About 893,000 tons of wheat have been harvested so far, the ministry said.
Steady crop ratings for U.S. winter wheat and forecasts of rain relief in Europe and the Black Sea region also curbed prices by easing concerns about harvest risks, traders said.
The state grain buyer said on Tuesday it bought 120,000 tonnes of Russian wheat as the country looks to bolster its strategic reserves amid the coronavirus outbreak.
The ministry is also introducing new wheat species that resist climate change, ripen fast, and have high productivity.
The Port Said Ports Authority said that 57,750 tons of Russian wheat were unloaded at the ports on Tuesday and 33 ships arrived to and left them.
The General Authority for Supply Commodities (GASC,) said on Tuesday it was seeking an unspecified quantity of wheat for shipment between Oct. 26 and Nov. 5.
Ukraine will soon sign its annual wheat export memorandum with traders, the new Minister of Economy, Trade and Agriculture Tymofiy Mylovanov told Reuters.
The 140 persons submitted reconciliation requests to the government's IGA as they can refund an amount of money in return for dropping the charges against them
The state will pay farmers between 655-685 Egyptian pounds($38-$39) per ardeb (150 kilograms) of wheat depending on quality, Ali Moselhy said.
The season of wheat cultivation in Egypt started in September-October, to be harvested in April-May annually.
The offer was presented by Daewoo. Results are expected later on Thursday.
The offer was for 60,000 tonnes of Russian wheat and was presented by Daewoo, they said.
About 295,000 tons of Russian wheat will be imported as per a second tender.
The government is setting a program to achieve food security, raise wheat storage capacity, and ensure availability of wheat consumption.
Experts predict that by the end of the season, the eight major exporters will be left with 20 percent of world stocks - just 26 days of cover - down from one-third a decade ago.
In a breakthrough that experts say will help feed the growing global population in the coming decades, scientists Thursday.
Saudi Arabia's main state wheat buying agency has told grains exporters it will no longer buy Canadian wheat and barley in its international tenders.
Egypt denies planning to reduce the patch of land allocated for wheat cultivation, and instead purchase an unprecedented rate from abroad, said IDSC.