By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Taaleem acquires 32% of SB Investment
    Taaleem acquires 32% of SB Investment
    May 30, 2023
    161% increase in net profit of Suez Canal Bank in 1Q 2023
    161% increase in net profit of Suez Canal Bank in 1Q 2023
    May 30, 2023
    Lighthouse Education aims to complete two acquisitions by 2024-end
    Lighthouse Education aims to complete two acquisitions by 2024-end
    May 30, 2023
    Al-Bahi family exits Fancy Foods, studies new investment opportunities
    Al-Bahi family exits Fancy Foods, studies new investment opportunities
    May 30, 2023
    UNFPA, Pharco sign cooperation protocol to support Egypt’s family planning
    UNFPA, Pharco sign cooperation protocol to support Egypt’s family planning
    May 30, 2023
  • Politics
    PoliticsShow More
    Lebanon's army says frees kidnapped Saudi citizen
    Lebanon’s army says frees kidnapped Saudi citizen
    May 30, 2023
    UNHCR appreciates Egypt's commitment to offer sanctuary for those fleeing violence
    UNHCR appreciates Egypt’s commitment to offer sanctuary for those fleeing violence
    May 30, 2023
    Foreign Ministry, CCCPA to organize workshop to review African Union policy
    Foreign Ministry, CCCPA to organize workshop to review African Union policy
    May 30, 2023
    European support needed as Egypt hosts millions of refugees: Shoukry
    European support needed as Egypt hosts millions of refugees: Shoukry
    May 30, 2023
    Iran-Oman ties enter investment stage, says Iranian president
    Iran-Oman ties enter investment stage, says Iranian president
    May 30, 2023
  • Interviews
    InterviewsShow More
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
    "Al-Asly" series saw my first leading role in TV drama: Reham Abdel Ghafour
    “Al-Asly” series saw my first leading role in TV drama: Reham Abdel Ghafour
    April 16, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Plan to reduce wheat unloading duration to save hard currency: Supply Ministry
Share
Notification
Latest News
Taaleem acquires 32% of SB Investment
Taaleem acquires 32% of SB Investment
Business
Lebanon's army says frees kidnapped Saudi citizen
Lebanon’s army says frees kidnapped Saudi citizen
Politics Region
161% increase in net profit of Suez Canal Bank in 1Q 2023
161% increase in net profit of Suez Canal Bank in 1Q 2023
Banking
UNHCR appreciates Egypt's commitment to offer sanctuary for those fleeing violence
UNHCR appreciates Egypt’s commitment to offer sanctuary for those fleeing violence
Politics
Foreign Ministry, CCCPA to organize workshop to review African Union policy
Foreign Ministry, CCCPA to organize workshop to review African Union policy
Politics
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Plan to reduce wheat unloading duration to save hard currency: Supply Ministry
Business

Plan to reduce wheat unloading duration to save hard currency: Supply Ministry

Shaimaa Al-Aees
Last updated: 2015/06/24 at 3:53 PM
By Shaimaa Al-Aees 2 Min Read
Share
Reduction of wheat unloading duration in ports to five or six days, instead of the current 12. (AFP Photo)
SHARE
Reduction of wheat unloading duration in ports to five or six days, instead of the current 12. (AFP Photo)
Reduction of wheat unloading duration in ports to five or six days, instead of the current 12.
(AFP Photo)

The Ministry of Supply is enforcing a plan to reduce the duration of wheat unloading in ports to five or six days, instead of the current 12, to save hard currency.

In a meeting held Tuesday, Minister of Supply Khaled Hanafy declared that the decrease of the period helps in saving hard currency paid for docking ships in ports for a long time during the wheat unloading process.

Hanafy confirmed that the all the machines and equipment for unloading ships will be updated, and the vacuums’ energies will be raised to 400 tonnes per hour. In addition, speeding up the administrative procedures for the entry of ships containing wheat in order to reduce cost will also be undertaken.

Hanafy said that 84 berths and silos were developed and renovated for storing wheat in Alexandria Port, with an investment of EGP 60m, to increase vacuum ability from 120 tonnes per hour to 600 tonnes per hour.

Hanafy added that the development and renovation processes will allow the unloading of two ships at the same time, with a total capacity of 90,000 tonnes of grain, which reduces the transport costs of imported wheat and keeps the wheat from going to waste.

The ministry has succeeded in reducing the amount of imported wheat from abroad to 4.6m tonnes, compared to 6.4m tonnes last year.

Hanafy added that Egypt is the largest importer of wheat in the world because domestic production is not sufficient, having reached 3.7m tonnes in 2014. The production increased this year, as the ministry received 5m tonnes of wheat from farmers in various governorates.

 

You Might Also Like

Taaleem acquires 32% of SB Investment

161% increase in net profit of Suez Canal Bank in 1Q 2023

Lighthouse Education aims to complete two acquisitions by 2024-end

Al-Bahi family exits Fancy Foods, studies new investment opportunities

UNFPA, Pharco sign cooperation protocol to support Egypt’s family planning

TAGGED: alexandria port, Daily News Egypt, DNE, Egypt, Grain, hard currency, Khaled Hanafy, Ministry of Supply, Ships, silos, wheat
Share this Article
Facebook Twitter Email Print
Previous Article Shoukry discusses European Neighbourhood Policy in Beirut
Next Article Egyptian, Spanish, French alliance will implement Abou Rawash sanitation plant
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Taaleem acquires 32% of SB Investment
Taaleem acquires 32% of SB Investment
Business
Lebanon's army says frees kidnapped Saudi citizen
Lebanon’s army says frees kidnapped Saudi citizen
Politics Region
161% increase in net profit of Suez Canal Bank in 1Q 2023
161% increase in net profit of Suez Canal Bank in 1Q 2023
Banking
UNHCR appreciates Egypt's commitment to offer sanctuary for those fleeing violence
UNHCR appreciates Egypt’s commitment to offer sanctuary for those fleeing violence
Politics
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?