Egypt Has Five Months’ Wheat Supply

Egypt, the world’s biggest wheat importer, has secured enough wheat supplies to last at least five months and is pursuing its purchases as normal, the main wheat buyer told Reuters Mar. 7. “Currently, we have (wheat) supplies for five months. This is excluding locally grown supplies,” Nomani Nomani, vice-chairman of the General Authority for Supply Commodities (GASC), said. “We have enough (wheat) supplies, so there is no need for long-term contracts. Purchases are proceeding as normal. GASC is always in the market whenever the prices are suitable,” Nomani said.

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