Minister of Supply and Internal Trade, Ali Moselhy, stressed on Thursday that Egypt currently enjoys an abundance of all basic strategic goods covering the next six months.
By 2023 Egypt will actually achieve self-sufficiency of sugar.
In his speech in front of President Abdel Fattah al-Sisi – during the inauguration of the wheat harvest season 2022 in Toshka – added that Egypt’s production capacity of sugar has been raised, from 57 percent self-sufficiency in 2017, to 90 percent in 2022.
He explained that the shortage of sugar cane crops is compensated with beet crops.
According to the minister, Egypt imported only 200,000 tons of raw sugar in 2022.
The next rice harvest season is in September, he said.
Moselhy pointed out that providing oil is the biggest challenge for the Ministry.
The department depends mainly on importing crude oil, pointing out that there are initiatives to encourage mill owners to import and manufacture the seed inside Egypt.
Edible oil local production has been achieved using imported seed by a percentage of 42 percent, he pointed out.
He said that 250,000 feddans of soybeans and 100,000 acres of sunflowers have been planted to support local production, adding that Egypt has a 5-month strategic reserve of edible oil.