Egypt's Ahly to host Esperance behind closed doors in Champions League    Don't miss Romeo and Juliet ballet shows at the Cairo Opera House    Neighbourhood watch    The hawks gather    Sudan asks UN Security Council to hold session over GERD dispute    Finding a new life through therapy    Iraq in mess, so its water policy    Slowing down China's growth    Egypt opens its first anaerobic gasification unit    Egypt, South Sudan discuss GERD updates, regional water issues    Extended Egyptian-Indian relations tell of warm, friendly bond: Indian Ambassador    Egypt plays key role in ensuring regional stability, sustainable development: Spanish Ambassador    Russia's deputy culture minister visits Giza Pyramids, praises ancient civilization    Egypt's Economic Ministerial Committee discusses measures to advance industry    The Greek voices of Alexandria    Egypt named 'Guest Country' at 2022 St Petersburg International Economic Forum    Mansoura Court issues preliminary death sentences to three defendants over murder of 5-year-old-child    HSBC earmarks funding to a coastal ecosystem restoration project in Egypt    Lebanon again raises price of bread amid crippling crisis    Egypt to launch Genration Next forum on Saturday to enhance entrepreneurship, start-ups    Egypt's stocks close mostly higher on Tuesday, benchmark EGX 30 surges 1.44%    Trade, tourism ministers discuss preparations for Egypt's participation in Expo Dubai 2020    Tawasol, LimeVest join race to acquire Egypt's Alexandria Medical Services    Egypt's freight start-up Trella raises $42m in Series A funding    Egypt's Planning Minister participates in high-level dialogue on MENA food security    Savola Foods, ASRT sign cooperation protocol to improve Egypt's health, wellbeing    Egypt puts final touches to Dubai Expo 2020 participation    Many injured as train rear-ended in Alexandria's Misr Station    Argentina beats Paraguay, secures Copa America knockout spot    In times of crises, Lebanon's old must fend for themselves    Suarez goal at Copa America ends Uruguay's scoring drought    Opinion| Ethiopia elections    Egypt accuses Ethiopia of using GERD crisis for political purposes    Egypt's Water Resources Minister in South Sudan for cooperation talks    Egypt should brace public-private partnership on comprehensive health insurance: Finance Minister    Rotterdam Film Festival closes extended, hybrid 50th edition    Arab Singing House opens applications for singing course    Netherlands battle Austria for group lead in Euro 2020    Portugal's Cristiano Ronaldo scores his 11th Euro goal beating previous record    Zamalek face Aswan in Egyptian Premier League    APO Group enters new exclusive agreement with Getty Images on African press releases and images    Egypt is on short list of partner countries for U.S. COVID-19 vaccines: embassy    Russia to resume charter flights to Egypt resorts in the coming days    Egypt's Sisi announces allocation of $500 million for reconstruction in war-wrecked Gaza    On International Museum Day, Egypt opens two new museums at Cairo Airport    Egypt's Ahly is establishing a new stadium, expected to be 'sports complex'    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    Veteran Egyptian journalist Makram Mohamed Ahmed passes away at 86    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Trade Minister: Egypt has enough wheat to avoid food crisis
Published in Almasry Alyoum on 19 - 09 - 2010

The Egyptian government has enough stored wheat to avoid a bread shortage, said Minister of Industry and Trade Rachid Mohamed Rachid. Rachid added that rioting, similar to the 2008 wheat crisis, is unlikely to happen.
Funds are secure for the bread subsidy and therefore Egyptian consumers will not be impacted by the global price hikes, said Rachid.
In statements to Al-Masry Al-Youm, Rachid said that the General Authority for Supply Commodities (GASC) has provided adequate quantities of wheat to last Egyptians until next February.
He added that the GASC has found alternative sources to supply the 540,000 tons of wheat Egypt intended to import from Russia before a drought and resultant wildfires destroyed much of Russia's crops early last month.
Rachid said no one could have anticipated a ban of this magnitude--Russia is one of the largest wheat exporters in the world.
Rachid revealed that the Ministry of Agriculture is working on increasing local wheat production, adding however, that Egypt will continue to import 6 million tons of wheat every year over the coming few years.
Egypt consumes an estimated 14 million tons of wheat every year and depends on imports for half that figure.
Translated from the Arabic Edition.


Clic here to read the story from its source.