{"id":547317,"date":"2022-06-16T03:58:38","date_gmt":"2022-06-16T03:58:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/16\/more-silos-as-food-moves-up-the-cop27-agenda\/"},"modified":"2022-06-16T03:58:38","modified_gmt":"2022-06-16T03:58:38","slug":"more-silos-as-food-moves-up-the-cop27-agenda","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/16\/more-silos-as-food-moves-up-the-cop27-agenda\/","title":{"rendered":"More silos as food moves up the COP27 agenda"},"content":{"rendered":"

We\u2019re about to get another 30k tons of wheat storage capacity<\/strong>:<\/strong> Italy is building six new field silos at a cost of EGP 367 mn under the two countries\u2019 debt swap program, the Supply Ministry said in a statement<\/a> yesterday. Each silo will be able to hold 5k tons. Two have already been completed and the other four are under construction, state-owned Egyptian Holding Company for Silos and Storage Chairman Sherif Bassily said.<\/p>\n

Debt swap?<\/strong> The debt swap agreement allows Egypt to channel its debts into development projects instead of paying back the Italian government.<\/p>\n

Getting ahead of the shock:<\/strong> The government\u2019s push to invest in wheat silos<\/a> in 2014, along with providing incentives to wheat farmers and pushing them to increase the cultivated area of wheat, helped the country improve its strategic reserves and better prepare itself for unexpected shocks, International Cooperation Minister Rania Al Mashat said during an interview with France24 (watch, runtime: 12:07<\/a>) said.<\/p>\n

Expect food security to be a significant topic of discussion during COP27<\/strong> in Sharm El Sheikh this November, Al Mashat said. \u201cThere\u2019s a lot of focus on this COP because it is happening at exactly the time where food security is coming in and food security requires investments in land, water use and these are two very important challenges for Africa,\u201d she said, framing the problems of climate change and food insecurity as being interlinked. \u201cWe should not have a climate discussion, we should not have a development discussion, both of them are intertwined. This is a realization and a voice that we all have to have collectively.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019re about to get another 30k tons of wheat storage capacity: Italy is building six new field silos at a cost of EGP 367 mn under the two countries\u2019 debt swap program, the Supply Ministry said in a statement yesterday. Each silo will be able to hold 5k tons. Two have already been completed and […]<\/p>\n","protected":false},"author":1,"featured_media":547318,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7305],"tags":[317,228,72,182,223,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-commodities","tag-cop27","tag-enterpriseam","tag-inflation","tag-rania-al-mashat","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"e2d765c5-8283-489c-865d-df956ce49d44","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/12\/RaniaAlMashat-1600px.jpg","photo_position":"above","related_issue":[547300],"teaser":"","voice_url":""},"yoast_head":"\nMore silos as food moves up the COP27 agenda - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/16\/more-silos-as-food-moves-up-the-cop27-agenda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More silos as food moves up the COP27 agenda\" \/>\n<meta property=\"og:description\" content=\"We\u2019re about to get another 30k tons of wheat storage capacity: Italy is building six new field silos at a cost of EGP 367 mn under the two countries\u2019 debt swap program, the Supply Ministry said in a statement yesterday. Each silo will be able to hold 5k tons. 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The silos, which will be built and owned by the\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546343,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/cimbria-is-building-a-silo-complex-in-port-said-for-imported-wheat\/","url_meta":{"origin":547317,"position":1},"title":"Cimbria is building a silo complex in Port Said for imported wheat","author":"enterpriseam admin","date":"12 May 2022","format":false,"excerpt":"Denmark\u2019s Cimbria is building a wheat silo complex in Port Said for the General Company for Silos and Storage (GCSS), the company announced in a statement in March. The facility will have capacity to hold 100k tons of wheat \u2014 enough to cover more than 15% of Egypt\u2019s current estimated\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/157.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557651,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/27\/ibm-to-automate-egypt-wheat-silos\/","url_meta":{"origin":547317,"position":2},"title":"IBM to automate Egypt wheat silos","author":"enterpriseam admin","date":"27 September 2021","format":false,"excerpt":"IBM will hook up 22 wheat silos in Egypt with its industrial automation technology by the end of 2021, in a project designed to increase the supply chain efficiency of one of the country\u2019s most important strategic commodities, the Supply Ministry said in a statement (pdf) yesterday. The multinational tech\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623285,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/feis-wants-the-supply-ministry-to-use-private-sector-silos-for-wheat-storage\/","url_meta":{"origin":547317,"position":3},"title":"FEI\u2019s wants the Supply Ministry to use private sector silos for wheat storage","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"The Federation of Egyptian Industries\u2019 grains division has submitted a request to the Supply Ministry to use private sector silos to store the wheat used to produce subsidized bread loaves, rather than storing the wheat in dirt silos that expose the crop to spoilage, Al Shorouk reports. According to the\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628644,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/egypt-italy-to-build-15-vertical-wheat-silos-worth-egp-250-mn\/","url_meta":{"origin":547317,"position":4},"title":"Egypt, Italy to build 15 vertical wheat silos worth EGP 250 mn","author":"enterpriseam admin","date":"9 May 2018","format":false,"excerpt":"The Internal Trade Development Authority reached an agreement with the Italian Development Authority to cooperate on building 15 vertical wheat silos at a total cost of EGP 250 mn, according to an emailed statement (pdf). Under the agreement, Egyptian companies will be tapped to construct the silos, while Italian companies\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573145,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/21\/egypts-wheat-storage-capacity-increases-to-over-4-mn-tonnes-in-2020\/","url_meta":{"origin":547317,"position":5},"title":"Egypt\u2019s wheat storage capacity increases to over 4 mn tonnes in 2020","author":"enterpriseam admin","date":"21 July 2020","format":false,"excerpt":"Egypt\u2019s wheat storage capacity has increased to north of 4 mn tonnes, from 3.6 mn tonnes last year, as the country builds more silos, Reuters reports, citing a Supply Ministry official. 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