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Wednesday, 10 May 2017

Gov’t to increase wheat silo storage capacity next fiscal year

The Planning Ministry says the government is working on increasing Egypt’s wheat silo storage capacity to 3.13 mn tonnes by FY2017-18, according to Reuters’ Arabic service. The silo capacity was 1.528 mn tonnes in FY2015-16, the ministry said, and the increase is aimed at creating strategic grain reserves domestically. The government had said earlier this year it was going to limit the role of the private sector in wheat storage and had failed to get phase one of Blumberg Grain’s shouna program up and running in time for the harvest. The Supply Ministry has collected 1.03 mn tonnes of wheat since the beginning of the harvest season as of Tuesday, a ministry official tells Ahram Online.

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