Egypt has strategic balances for all food commodities, minister ...Egypt

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The Egyptian Minister of Supply and Internal Trade, Aly al-Moselhy, assured that his country has strategic stocks for all crops sufficient for a long time, including wheat, rice, sugar, oil and other crops. Moselhy added during a press conference that Egypt has enough wheat reserves for the end of the year, assuring that “We area almost self-sufficient in sugar crops.” “We have stocks of oil that are witnessing a global crisis, whether soy oil or sunflower oil, as Ukraine exports about 30 percent of global production alone,” he added. The strategic reserves of oil are sufficient for 6.2 months, he said while the strategic reserve of frozen meat and poultry is sufficient for about six months.

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