Egypt’s wheat reserves currently stand at over three mn tonnes and are set to double with the start of the local wheat harvest season in April, Reuters reported, citing a Supply Ministry statement. The current wheat reserve level is enough to last at least four months, the statement said, adding that stocks of vegetable oils and rice stand at 3.5 and 3.6 months, respectively.
More from Enterprise
CIB CEO Hisham Ezz Al Arab on why Egypt is ready to welcome digital-native banks
“Egypt is at the brink of an inflection point with…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Instapay hits profitability as demand keeps up one year into 0.1% transaction fee
Instapay has also become the bridge between bank accounts and…