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Reading: Egypt’s wheat reserves in question
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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Dailynewsegypt > Blog > Business > Egypt’s wheat reserves in question
Business

Egypt’s wheat reserves in question

Doaa Farid
Last updated: 2016/02/10 at 8:50 PM
By Doaa Farid 1 Min Read
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Minister of Supply Khaled Hanafy said Tuesday that wheat reserves are sufficient until May; he however did not disclose the amount of reserves in tonnes.

The government is said to calculate wheat reserves while including shipments that have not arrived yet. Yet wheat traders have said that reserves in shipments might be subject to rejection, Reuters reported this week.

After the local harvest season in May 2015, the ministry disclosed that reserves of local and imported wheat in Egypt amounted to 165,000 tonnes.

Daily News Egypt tried to contact the Ministry of Supply for comment but it was unavailable.

In 2015, the Ministry of Supply agreed to amend the mixing ratios between domestic and imported wheat during the milling operation to provide flour for bakeries. The new wheat ratios will be amended from 15% of imported wheat and 85% of domestic wheat to 25% of imported and 75% domestic, Hanafy said.

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TAGGED: Egypt, Khaled Hanafy, Minister of Supply, reserves, wheat
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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
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