Egyptians buy bread from a bakery in Cairo - Reuters
CAIRO, Oct 10 (Aswat Masriya) – The strategic reserve of domestic and imported wheat for the production of subsidized bread is sufficient until mid-March, said Minister of Supply and Internal Trade Khaled Hanafi on Saturday.
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), had announced yesterday the purchase of 180,000 tonnes of wheat in a tender for Nov. 11-20 shipment, from Romania and Russia.
Hanafi said it purchased 120,000 tonnes of Russian wheat and 60,000 tons of wheat from Romania at an average price of $ 207.34 cents per tonnes.
Egypt is the world’s largest wheat importer, according to the Food and Agriculture Organisation (FAO).