x Abu Dhabi, UAESunday 23 July 2017

Egypt has 101 days wheat stocks

Egypt, the world's biggest importer of wheat, said it had enough stocks of wheat to last 101 days and it expected its supply to increase further.

Egypt, the world's biggest importer of wheat, said it had enough stocks of wheat to last 101 days and it expected its supply to increase further as more imports arrived, a cabinet statement said this week.

"The current reserves of wheat [local and imported] has reached 2.467 million tonnes which are sufficient for 101 days, until May 29," the statement said.

"The international contracts for imported wheat reached 643,000 tonnes, raising the total of amount of current contracts to 3.110 million tonnes, enough for 126 days, to June 24," it said.

Egypt's main wheat buying agency, the General Authority for Supply Commodities, on Tuesday set a tender to buy an unspecified amount of wheat from global suppliers for April 10-20 shipment.

* Reuters