Egypt signs deal to purchase 500,000 tons of sugar

Cairo: “Al Khaleej” Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade in Egypt, has announced that the Ministry has implemented plans to establish a strategic reserve of essential commodities. He stated that a contract has been signed to purchase 500,000 tons of sugar, which will be delivered gradually. In a meeting chaired by Prime Minister Dr. Mostafa Madbouly, efforts to secure basic commodities and expand the strategic reserve were discussed. Al-Moselhi 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 Minister also mentioned that the Ministry 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. The government’s efforts to increase the strategic reserve will help in times of crisis or fluctuations in the market.

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 the impact of any potential disruptions in the market.