Egypt to stop wheat imports until March

"After the recent purchase of 175,000 tonnes of French and Russian wheat to produce subsidized bread, the strategic reserve of wheat is enough to last until the first week of next March," Supplies Minister Khaled Hanafi said in a statement.

The recent purchase consisted of 120,000 tonnes of French wheat and 55,000 tonnes of Russian wheat at an average price of $245.25 per ton, the supplies ministry said.

It was the tenth purchase of the current fiscal year and is expected to be delivered from Nov. 11 to 20, the supplies ministry said.