CAIRO, April 30 (MENA) - Prime Minister Moustafa Madbouli said that the government exerts great efforts to ensure a reassuring stockpile of various commodities, in implementation of President Abdel Fattah El Sisi's directives.

The premier's remarks were made during a meeting to follow up on the stock of strategic commodities, with several senior officials attending.

Madbouli added there is ongoing coordination with the Central Bank of Egypt (CBE) to secure the required dollar amount, noting that the availability of substantial quantities of goods in the market helps in regulating prices.

Supply and Internal Trade Minister Sherif Farouq said that the total wheat stocks in the country, including contracts, have amounted to 3.4 months.

The stocks of sugar amounted to 14.3 months, crude vegetable oil 2.9 months, frozen poultry 6.1 months and frozen meat 12 months, the minister said.

Farouq added that there are sufficient stocks of rice, pasta, tea, fish, flour, and Sudanese live cattle.

During the meeting, the minister reviewed the wheat supply, noting that 644,850 tons have been received from farmers so far.

He asserted that the government works to up the storage capacity of wheat silos, which will contribute to enhancing the efficiency of the storage system and achieving sustainable food security. (MENA)
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