Cairo: State grain buyer of Egypt has likely to buy 175,000 tons of Ukrainian wheat through private suppliers, reports Al-monitor.
For the first time after the Ukraine-Russia conflict broke out, Egypt has bought wheat from Ukraine.
By mid-2023, the country plans to import 1 million tons of wheat to increase its strategic wheat reserve and meet local demand of bakeries and others.
There is sufficient storage of strategic wheat reserves that can cater for the needs of the country for five months, said Ibrahim Ashmawy, deputy minister of internal trade and supply.
Egypt consumes around 25 million tons of wheat yearly and is one of the largest wheat importers in the world. Domestic wheat production in the country is about 12 million tonnes.
