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Egypt: Abdel Fattah al-Sisi asks authorities to increase strategic food reserves, over covid-19 crisis

Wednesday, 01 April 2020 13:51
Egypt: Abdel Fattah al-Sisi asks authorities to increase strategic food reserves, over covid-19 crisis

(Ecofin Agency) - The President of Egypt, Abdel Fattah al-Sisi (pictured), called relevant authorities to increase the country’s strategic food reserves. This is part of strategies to meet food security amid the current coronavirus crisis.

According to official statistics, food consumption in the country should rocket between the end of April and May, the Ramadan period. The Ministry of Supply said current domestic stocks of basic commodities are enough. While wheat stocks will be able to meet the demand for 3.5 months, rice stocks will last 4.6 months and vegetable oil stocks will last until October.

As a reminder, in 2019/2020, the Egyptian government allocated about EGP89 billion ($5.6 billion) to subsidize food products (sugar, cooking oil, rice, bread, beef, and chicken) for the population. 

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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