Cairo, Egypt: The government of Egypt has purchased wheat of 126,000 tons from Russia amid the Moscow invasion of Ukraine. Egyptian Ministry of Supply and Internal Trade provided the information about the purchase, adding that the wheat will be supplied by Russia; around 63,000 tons each are likely to arrive in the Middle East country within the forthcoming days.
The Ministry further informed that the Middle East nation has also purchased around 63,000 tons of wheat from Romania. Recently, France also another shipment of grains to Egypt, as per the information shared by the trade ministry.
Minister of Supply Ali Al-Moselhi, shared the Egyptian government’s aim to buy over 6 million tons of local wheat following the present harvesting season, which will commence in midst-April.
Egyptian President Abdel Fattah El-Sisi held a meeting with the other government officials so as to take the approval of new incentives, which will encourage the local wheat growers of the Middle East country to improve the output of wheat amid the ongoing season. The announcement came a few days after this meeting.
A spokesperson for President cited, “The talks between the government and President includes a review of the executive position on a number of national projects in the food security and agriculture sector, including measures to boost its productivity”.
Following the above statement, the spokesperson then underlined, “In this context, the president directed to grant an additional supply incentive to the price of local wheat for the current agricultural season, in order to encourage farmers to supply the largest possible quantity”.
On the other hand, the Prime Minister of Egypt – Mostafa Madbouly, today (on Wednesday), released a statement, citing the Middle East nation’s wheat “strategic reserve” was enough to last for about four months. He added that the Egyptian government would not have to buy further shipments of wheat from the other countries for at least the end of the ongoing year.