Egypt has enough wheat until mid-May: minister

Egypt's stock of wheat for its subsidised bread program will last until the middle of May, Supplies Minister Khaled Hanafi said in a statement on Saturday.

Egypt has bought at least 3.085 million tons of wheat on the international market since July 1, the start of the fiscal year.

It purchased 5.46 million tons of wheat from overseas in the 2013-2014 fiscal year in addition to 3.7 million tons of local wheat.

The country aims to cut state imports of wheat in the next year to between 4 million and 4.5 million tons provided reforms to its bread subsidy programme continue to reduce consumption.