Egypt to buy 180,000 tonnes of wheat from India: trade ministry

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Egypt to buy 180,000 tonnes of wheat from India: trade ministry

STORY: Egypt to buy 180,000 tonnes of wheat from India: trade ministry DATELINE: June 27, 2022 LENGTH: 00:00:51 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: various of Egypt's Ministry of Supply and Internal Tradevarious of wheat STORYLINE: Egypt's Ministry of Supply and Internal Trade said on Sunday the country has signed a contract with India to purchase 180,000 tonnes of wheat. Noting the crops will be delivered in the near future, the ministry said the step is part of Egypt's efforts to diversify its wheat supplies. The ministry added that Egypt has strategic reserves of wheat sufficient for 5.7 months. Egypt imports around 12 million tonnes of wheat each year, with 80 percent of it coming from Russia and Ukraine. The country has been facing pressure from the surge of wheat prices in the international market after the Russia-Ukraine conflict broke out. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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