The Ministry of Supplies bought 120,000 tons of wheat from France, privately owned Al-Masry Al-Youm reported on Thursday. The imported wheat will be delivered beginning of November, the newspaper added.
Minister of Supplies Khaled Hanafy stated that the ministry bought the wheat in an international tender for an average of US$241.20 per ton. The imported wheat will be used to manufacture subsidized bread.
The minister added that Egypt buys wheat from several countries through the international wheat market, including Russia, Romania, Ukraine, Canada, France, Argentina and the US. Hanafy added that the ministry places tender on the best quality wheat and the least expensive.
The minister concluded that imported wheat is checked upon shipment for quality then rechecked again upon its arrival to Egyptian ports.
CAPMAS stated in March that Egypt’s wheat reserves decreased by 34 percent in 2013.
Former president Mohamed Morsi’s government had decreased wheat imports and depended on locally grown crops, a move that has been reversed by the current government.
Egypt imports around 10 million tons of wheat yearly to cover subsidized bread production.