{"id":602898,"date":"2019-04-09T03:47:10","date_gmt":"2019-04-09T03:47:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/egypt-no-longer-settling-for-three-months-commodity-reserves-goes-for-five-six\/"},"modified":"2019-04-09T03:47:10","modified_gmt":"2019-04-09T03:47:10","slug":"egypt-no-longer-settling-for-three-months-commodity-reserves-goes-for-five-six","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/egypt-no-longer-settling-for-three-months-commodity-reserves-goes-for-five-six\/","title":{"rendered":"Egypt no longer settling for three months commodity reserves, goes for five-six"},"content":{"rendered":"

The Supply Ministry will no longer settle for a three months-worth \u201cstrategic\u201d stock of commodities, and has raised the floor to between five and six months, according to a cabinet statement<\/a><\/u>. Five to six months-worth of staples such as wheat, rice, cooking oil, and sugar will now have to be kept in the bank. This is part of a newly laid-out commodity strategy ahead of Ramadan. The Supply Ministry also said yesterday that the country currently has six months worth of rice reserves, according to Reuters.<\/a><\/u> GASC yesterday purchased<\/a><\/u> 114k tonnes of rice in an international tender.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Supply Ministry will no longer settle for a three months-worth \u201cstrategic\u201d stock of commodities, and has raised the floor to between five and six months, according to a cabinet statement. Five to six months-worth of staples such as wheat, rice, cooking oil, and sugar will now have to be kept in the bank. This […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9309],"tags":[2416,317,72,100,190],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602898","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-commodities","tag-enterpriseam","tag-policy","tag-social-welfare","wpautop","entry"],"acf":{"mongo_id":"39278e51-16da-43e8-ae46-7e8712878c6e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602867],"teaser":"","voice_url":""},"yoast_head":"\nEgypt no longer settling for three months commodity reserves, goes for five-six - 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\/2019\/04\/09\/egypt-no-longer-settling-for-three-months-commodity-reserves-goes-for-five-six\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt no longer settling for three months commodity reserves, goes for five-six\" \/>\n<meta property=\"og:description\" content=\"The Supply Ministry will no longer settle for a three months-worth \u201cstrategic\u201d stock of commodities, and has raised the floor to between five and six months, according to a cabinet statement. Five to six months-worth of staples such as wheat, rice, cooking oil, and sugar will now have to be kept in the bank. This […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/egypt-no-longer-settling-for-three-months-commodity-reserves-goes-for-five-six\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-09T03:47:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/egypt-no-longer-settling-for-three-months-commodity-reserves-goes-for-five-six\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/egypt-no-longer-settling-for-three-months-commodity-reserves-goes-for-five-six\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt no longer settling for three months commodity reserves, goes for five-six\",\"datePublished\":\"2019-04-09T03:47:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/egypt-no-longer-settling-for-three-months-commodity-reserves-goes-for-five-six\/\"},\"wordCount\":109,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"commodities\",\"EnterpriseAM\",\"policy\",\"social welfare\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/egypt-no-longer-settling-for-three-months-commodity-reserves-goes-for-five-six\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/egypt-no-longer-settling-for-three-months-commodity-reserves-goes-for-five-six\/\",\"name\":\"Egypt no longer settling for three months commodity reserves, goes for five-six - 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The ministry is set to buy its needs in rice from local farmers soon, with domestic rice purchase prices to be determined soon after Eid Al-Fitr.","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":651116,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/05\/supply-ministrys-reserves-last-more-than-four-months-govt-to-curb-price-increases\/","url_meta":{"origin":602898,"position":2},"title":"Supply Ministry\u2019s reserves last more than four months, gov\u2019t to curb price increases","author":"enterpriseam admin","date":"5 February 2017","format":false,"excerpt":"Egypt has a five-month reserve of wheat, Supplies Minister Mohamed El Sheikh said, according to Reuters\u2019 Arabic service. Stocks of sugar and rice are also in good health, he added, saying there is enough of them to last for four months. Cooking oil reserves could last for five months. 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":625762,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/egypt-has-6-months-of-sugar-in-stock-supply-ministry-says\/","url_meta":{"origin":602898,"position":3},"title":"Egypt has 6 months of sugar in stock, Supply Ministry says","author":"enterpriseam admin","date":"14 August 2018","format":false,"excerpt":"Egypt has enough strategic sugar reserves to last for six months, the Supply Ministry said yesterday, without specifying the exact quantity, Reuters reports. Egypt is expected to produce c. 2.3 mn tonnes of sugar by this year\u2019s end and consume around 3 mn tonnes, \u201cfilling the gap with imports,\u201d according\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":645145,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/supply-ministry-targets-doubling-rice-production-this-season\/","url_meta":{"origin":602898,"position":4},"title":"Supply Ministry targets doubling rice production this season","author":"enterpriseam admin","date":"12 July 2017","format":false,"excerpt":"The Supply Ministry is looking to double the country\u2019s rice production this harvest season to 6.5 mn tonnes, up from 5.1 mn tonnes last year, Reuters reports. Strategic rice reserves are also expected to increase over the next 10 days to fulfill domestic needs for 12 months, up from four\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":649957,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/wheat-reserves-to-double-after-local-harvest\/","url_meta":{"origin":602898,"position":5},"title":"Wheat reserves to double after local harvest","author":"enterpriseam admin","date":"13 March 2017","format":false,"excerpt":"Egypt\u2019s 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\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=602898"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602898\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602867"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602898"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602898"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}