Wheat stocks enough until November ends, minister says

Thursday, July 18, 2013 6:50 PM 
Minister of Supply Mohamed Abu Shadi - Aswat Masriya

Egypt's wheat supply is enough to last until the end of next November, the newly-appointed minister of supply Mohamed Abu Shadi said on Thursday.

There are wheat shipments of around 180 thousand tons arriving from Ukraine within the coming days, he said at a press conference in Cairo.

Egypt's imported wheat stocks will cover its needs for less than two months, former supply minister Bassem Oda had said.

The government's bread subsidies have set a new world record at 16.2 billion Egyptian pounds for the 2012-2013 fiscal year.

Egypt is the biggest wheat importer worldwide.

Before his appointment as minister of supply, Abu Shadi was a senior official at the ministry's supplies investigations department.

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