Egypt: “Al Khaleej”
Minister of Supply and Internal Trade Dr. Ali Al-Moselhi has announced that the Egyptian government has established a strategic reserve of essential commodities. In a meeting chaired by Prime Minister Dr. Mostafa Madbouly, efforts to secure basic commodities and expand the strategic reserve were discussed. The Minister highlighted that wheat supply operations are currently at a higher rate than in the past three years, with a significant amount of the commodity already in stock.
The Ministry also has a stockpile of oil and is actively working to ensure a sufficient supply of key commodities. This proactive approach aims to stabilize prices and ensure food security for the Egyptian population. By increasing the strategic reserve, the government is taking important steps to maintain stability and promote food security in Egypt.
The Minister further stated that a contract has been signed to purchase 500,000 tons of sugar, which will be delivered gradually. This move will help in times of crisis or fluctuations in the market, as it will provide an extra safety net for essential supplies like sugar.
In conclusion, the Ministry’s initiatives to secure essential commodities and enhance its strategic reserves are crucial for maintaining stability and promoting food security in Egypt. By proactively managing supplies and stockpiling key items like sugar, wheat, and oil, the government is taking important steps to ensure the well-being of its citizens and mitigate any potential disruptions in the market.
