Sat. Jul 20th, 2024

Egypt’s ports received about 450,000 tons of wheat from Russia and Ukraine, and a total of 788,000 tons of wheat were imported during the second week of March.

GASC’s share increased to about 178,000 tons of the total imported quantities, while the private sector’s share reached 273,000 tons.

Egypt’s imports of Russian wheat increased by 39% year-on-year during 2023, reaching 7.5 million tons compared to 5.4 million tons in the previous year.

Egypt is the world’s largest wheat importer, importing up to 12 million tonnes annually for the government and private sectors from several countries including Russia, Ukraine, Romania, America, Australia, Canada, and Moldova.

Egypt has intensified its foreign wheat purchases over the past year, whether through international tenders or direct order purchases, with the aim of enhancing food security for citizens.

On the other hand, the Ministry of Supply and Internal Trade increased the storage capacity of wheat in silos from 1.2 million tons in 2014 to 3.5 million tons, in addition to one million tons in silos in the private sector, bringing the total storage capacity in silos to 4.5 million tons.

Egypt also aims to increase the area planted with wheat next season to 3.8 million feddans from 3.2 million feddans, as well as expand the areas of the wheat crop and gradually increase the area planted with oil crops, in order to ensure the stability of agricultural production and improve food security.

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