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Egypt's finance ministry ensures stability of local food security

Egypt's finance ministry ensures stability of local food security

Arab Finance: The Media Center of the Ministry of Finance has ensured the stability of Egypt's food security, denying that minister Mohamed Maait mentioned the existence of a food crisis in Egypt during his participation in the Qatar Economic Forum, according to an official statement on June 22nd.

The food security in Egypt is stable and the strategic reserves of food commodities are sufficient for 6 months, the statement revealed.

The minister called for concerted global efforts to eradicate the global food crisis.

The finance ministry’s media centre maintained that Egypt is taking serious steps towards the achievement of self-sufficiency through major agricultural projects.

Egypt has reclaimed more than 500,000 feddans of wheat, while another 500,000 are expected to be reclaimed next year, the center said.

On June 12th, the Minister of Agriculture and Land Reclamation El-Said El-Qosair revealed that Egyptian agricultural exports reached a volume of 3.5 million tons (Mt) during the period from January 1st 2022 until June 11th.

 

 

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