{"id":649221,"date":"2017-04-26T04:01:19","date_gmt":"2017-04-26T04:01:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/wheat-reserves-at-2-6-months-govt-gears-up-to-buy-from-local-farmers\/"},"modified":"2017-04-26T04:01:19","modified_gmt":"2017-04-26T04:01:19","slug":"wheat-reserves-at-2-6-months-govt-gears-up-to-buy-from-local-farmers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/wheat-reserves-at-2-6-months-govt-gears-up-to-buy-from-local-farmers\/","title":{"rendered":"Wheat reserves at 2.6 months, gov\u2019t gears up to buy from local farmers"},"content":{"rendered":"

Egypt currently has 2.6 months\u2019 worth of wheat reserves and expects to buy up <\/strong>to 3.8 mn tonnes from local farmers<\/strong>, Supply Ministry Ali El Moselhy told Reuters<\/a>. The remarks came as El Moselhy inaugurated the wheat harvest season. He said the reserves figure does not include \u201cquantities of wheat contracted for by GASC but which have not yet arrived and it is unclear how much remains outstanding.\u201d El Moselhy added that the government \u201calways\u201d aims to have four months of reserves, but they are now below the threshold because it is the beginning of the harvest season. The newswire notes that the government had said it is aiming to buy 4-4.5 mn tonnes of wheat initially, higher than the figure quoted by Moselhy, who said \u201cI'm always underestimating.\u201d<\/p>\n

\u2026Separately, El Moselhy said he could not comment on increasing subsidies until deliberating the issue with the Finance Minister and that he would not want to give false promises, according to Al Mal.<\/a> Also, mandatory pricing is practically unfeasible, El Moselhy says<\/a>, as the government does not produce enough commodities and Egypt runs on a free market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt currently has 2.6 months\u2019 worth of wheat reserves and expects to buy up to 3.8 mn tonnes from local farmers, Supply Ministry Ali El Moselhy told Reuters. The remarks came as El Moselhy inaugurated the wheat harvest season. He said the reserves figure does not include \u201cquantities of wheat contracted for by GASC but […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649221","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c34423f5-5c91-422b-868f-78075773f7b8","order":"0","is_powered_by":true,"section_story_id":"49ec4b97-b2f0-425d-a688-59f162e34155","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649212],"teaser":"","voice_url":""},"yoast_head":"\nWheat reserves at 2.6 months, gov\u2019t gears up to buy from local farmers - 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\/2017\/04\/26\/wheat-reserves-at-2-6-months-govt-gears-up-to-buy-from-local-farmers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wheat reserves at 2.6 months, gov\u2019t gears up to buy from local farmers\" \/>\n<meta property=\"og:description\" content=\"Egypt currently has 2.6 months\u2019 worth of wheat reserves and expects to buy up to 3.8 mn tonnes from local farmers, Supply Ministry Ali El Moselhy told Reuters. 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El Moselhy added that Egypt is aiming to procure 4 mn tonnes of wheat in the next season that starts on April\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":570711,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/12\/egypt-to-import-800k-tonnes-of-wheat-to-increase-reserves\/","url_meta":{"origin":649221,"position":1},"title":"Egypt to import 800k tonnes of wheat to increase reserves","author":"enterpriseam admin","date":"12 April 2020","format":false,"excerpt":"Egypt is planning to import 800k tonnes of wheat during the upcoming season as part of government efforts to boost reserves of strategic commodities, Supply Minister Ali Moselhy said, according to a statement. Egypt also expects to harvest 3.6 mn tonnes locally, potentially giving the country enough wheat to cover\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":597219,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/egypt-buys-3-3-mn-tonnes-of-local-wheat-this-harvest-season\/","url_meta":{"origin":649221,"position":2},"title":"Egypt buys 3.3 mn tonnes of local wheat this harvest season","author":"enterpriseam admin","date":"18 July 2019","format":false,"excerpt":"The local wheat supply season ended on 15 July, with the government having bought 3.3 mn tonnes from farmers for a total of EGP 2.24 bn, up from 3 mn tonnes the previous year, according to a Supply Ministry statement. The purchase came at an average price of EGP 670\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":629990,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/govt-to-import-180-200k-tonnes-of-wheat-this-month-local-wheat-price-to-be-announced-today\/","url_meta":{"origin":649221,"position":3},"title":"Gov't to import 180-200k tonnes of wheat this month, local wheat price to be announced today","author":"enterpriseam admin","date":"5 April 2018","format":false,"excerpt":"The Supply Ministry plans to import 180-200k tonnes of wheat this month, Supply Minister Ali El Moselhy tells Al Mal, adding that Egypt\u2019s wheat reserves will last until mid-July. 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The news comes after the government looked to shore up its strategic reserves in the wake of threats to the global market from covid-19. GASC accounted\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588376,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/11\/another-usd-700-mn-in-wheat-finance-from-the-itfc\/","url_meta":{"origin":649221,"position":5},"title":"Another USD 700 mn in wheat finance from the ITFC","author":"enterpriseam admin","date":"11 June 2023","format":false,"excerpt":"The country has nearly 6 months\u2019 worth of wheat in reserve","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\/2023\/6\/490.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649221","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=649221"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649221\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/649212"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=649221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=649221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=649221"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=649221"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=649221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}