Egypt’s strategic reserves of wheat, sugar to last around 5 months

Egypt has strategic reserves of wheat that would last 4.7 months and sugar that would last 5.3 months, Supply Minister Ali El Moselhy told MENA, according to Reuters. El Moselhy added that Egypt is aiming to procure 4 mn tonnes of wheat in the next season that starts on April 15. The ministry is also looking to private sector manufacturers to plug the 700k tonne deficit in domestic sugar production, reports the local press. Egypt currently produces 2.3 mn tonnes of refined sugar, while consumption sits at 3.2 mn tonnes.