Egypt's strategic wheat reserve sufficient for 5.3 months: minister

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Egypt's strategic wheat reserve sufficient for 5.3 months: minister

STORY: Egypt's strategic wheat reserve sufficient for 5.3 months: minister SHOOTING TIME: Archives DATELINE: May 29, 2024 LENGTH: 00:01:06 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Minister of Supply and Internal Trade Ali Moselhi speaking (File) 2. various of wheat, sugar and oil STORYLINE: Egyptian Supply and Internal Trade Minister Ali Moselhi said on Tuesday that the country's strategic reserve of wheat is enough to last for 5.3 months, while sugar reserves are sufficient until February 2025. The minister added that oil reserves are sufficient for 6.2 months, and rice and pasta for two months. Egypt, the world's largest wheat importer, suffers from global supply chain interruptions and price hikes due to the Russia-Ukraine conflict. The country imports two-thirds of its annual consumption of 18 million tonnes of wheat, according to the state-run Ahram newspaper. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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