Egypt, the world's largest wheat importer, will develop a new grain storage system which it hopes will reduce by a quarter the amount of wheat wasted annually, Supply Minister Khaled Hanafy has announced. The agreement with Blumberg Grain is to replace 93 local wheat barns with food security technology and systems at a cost of $28 million (LE200 million). The new storage system will save Egypt an estimated LE1 billion annually, the US-based global food security company said. The Army Engineering Authority, Egyptian Holding Company for Silos and Storage and the supply ministry are collaborating with Blumberg Grain to complete the project by the next harvest season in April. Egypt currently consumes nine million tonnes of wheat annually to provide subsidised bread, of which 3.6 million tonnes are supplied by local farmers, while the remaining 5.4 million tonnes are imported. http://english.ahram.org.eg/News/117175.aspx
