Wheat stocks in Egypt will meet demand for 6 months

Wheat stocks in Egypt will meet demand for 6 months - February 2018.

Every year, Egypt consumes 9.6 million tonnes of wheat to produce subsidized bread. The total wheat consumption in the country reaches 15 million tonnes of wheat per year. In 2016 – 2017 wheat import to the country reached 5.58 million tonnes at 4.44 million tonnes in 2015-2016.

At the last auction, GASC purchased 355,000 tonnes of wheat from Russia and Ukraine, and by the end of 2017-2018 another 7 million tonnes of wheat is expected to be purchased.