Egypt, Russia discuss establishing logistic free zone to store wheat

The Egyptian Ministry of Supply and Internal Trade and the Russian Deputy Minister of Agriculture, Sergey Levin, are discussing the establishment of a logistic free zone to store wheat in Egypt.

The Egyptian Ministry of Supply and Internal Trade, Ali Al Moselhi, said that 1 million tonnes of wheat will be annually stored as part of the project’s first phase.

Meanwhile, the Egyptian Ministry of Supply and the Russian delegation have considered forming a joint grains trading company to achieve food security for Egypt and some neighboring Arab and African countries.

Egypt and Russia also discussed creating a partnership to establish edible oil storage tanks.

Mubasher Info

Tags: Russia, Egypt, wheat, food security, logistic free zone, joint grains trading company