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Egypt Builds Wheat Stockpile to Battle Virus

County consumes 20M tons annually of the grain; imports about 12M tons

Wheat wheat field cereals

The world’s biggest wheat buyer is boosting purchases from local growers in a push to stockpile grain as the coronavirus puts international supplies at risk, reports Yahoo Finance.

Egypt bought 2.1 million tons of local wheat since the harvesting season began in mid-April, according to the supply ministry. That’s at least 30% more than the amount it bought in the same period last year. The government is also offering farmers higher prices.

The country’s purchases from overseas provide a reliable benchmark for the international grains market -- of some 20 million tons of wheat that Egypt consumes annually, it imports about 12 million.

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