Egypt to establish wheat silos company, boost storage capacities
Egypt plans to establish a company for manufacturing grain silos to enhance wheat supply. The strategy involves increasing silo capacity from 3.40 million to 5 million tonnes. New silos will be built, and existing ones expanded. Additionally, a scheme to connect silos with the national railway and transport wheat via the Nile is underway. Since the harvest season began on April 13, 2024, Egyptian farmers have supplied approximately 1.80 million tonnes of wheat to the government.
Cairo – Egypt plans to launch a company to localise the manufacturing of grain silos as part of a comprehensive strategy to boost wheat supplies, said Sherif Farouk, Minister of Supply and Internal Trade.
The plan also includes building new silos and increasing the storage capacities of existing ones, aiming to expand total capacity from 3.40 million tonnes to 5 million tonnes, Farouk stated before the parliamentary committee formed to study the new government’s action plan.
The minister revealed a scheme to link silos to the national railway network and to transport wheat through the Nile in collaboration with the Ministry of Transportation.
Egypt has been working on boosting local wheat supplies. Egyptian farmers have supplied around 1.80 tonnes of wheat to the government since the start of the harvest season on 13 April 2024.
Source Link : https://www.zawya.com/en/markets/commodities/egypt-to-establish-wheat-silos-company-boost-storage-capacities-u2725y5g
