The Minister of Economy and Trade, Amin Salam, denied that Lebanon was on the verge of a wheat or loaf crisis, or that subsidies had been lifted from the bundle of bread. In a radio interview, he said, “Mills, bakeries, and merchants talk regarding their pain and suffering in these difficult circumstances, but no matter how financially we stumble, the citizen’s livelihood cannot be manipulated. It is true that the Russian-Ukrainian war had an impact on the wheat crisis, but the reserves serve us for a month and we are working to open credits with the World Bank. With a value of 150 million dollars to import wheat.
He concluded, stressing that “wheat is available, and no decision has been taken to lift subsidies on wheat, and the citizen’s livelihood is the basis and above all considerations.”
He said, “There are no pending approvals in the Ministry of Economy regarding the subsidized wheat, and the Minister of Finance signed the opening of the credit for $21 million, and therefore the amount of wheat and flour is sufficient for the market’s needs for the holidays.”
The position of the Minister of Economy was in denial of the news that indicated that the mills had not yet obtained approval from the Ministry of Economy for the subsidized wheat to be sent to the Banque du Liban to open credits, which threatens to enter into a loaf crisis during the feast because the Banque du Liban will be closed during the holiday.
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WHEAT
The Lebanese Minister of Agriculture denies lifting subsidies on flour, confirming the direct import of wheat
written by Alexandra Hartman Editor-in-Chief
The Lebanese Minister of Agriculture, Abbas Hajj Hassan, says that “the Central Bank is supposed to disburse the wheat credits today, so that ships loaded with the material will enter in batches to the port of Beirut, which will gradually return things to normal.”
The Lebanese Minister of Agriculture, Abbas Hajj Hassan, denied the intention to lift subsidies on flour, expecting that the Banque du Liban will open credits for wheat today, Tuesday.
Today, the National News Agency quoted Hajj Hassan as saying that, following the efforts that have been made, the Banque du Liban is supposed to open credits for wheat today, so that ships loaded with the material enter in batches to the port of Beirut, which will gradually return things to normal.
He denied that the Central Bank had opened credits under a circumstantial debt contract with the government, stressing that no one wants to lift subsidies on flour, at least in the foreseeable future.
Haj Hassan revealed a cabinet session that will be held in the coming hours with a large and intense agenda, pointing out that “everyone today feels the difficulty of the state of affairs, and therefore I think we are heading to a different stage in terms of the quality of dealing with matters.”
For his part, Lebanese Economy Minister Amin Salam told Archyde.com that the Lebanese government had agreed to disburse $15 million as a temporary solution to the country’s growing shortage of bread.
Long queues began gathering outside bakeries across the country on Monday following mill owners and bakeries warned that the government had not opened up funds it had long promised for subsidized bread.
Several Lebanese flour companies announced last week, It has stopped working and is out of service Because of the depletion of wheat stocks, according to her statements.
And the captain of the bakery owners’ syndicate, Ali Ibrahim, said in an interview with “Free Lebanon” yesterday “The ovens are empty of flour, as they cannot accommodate a quantity that is sufficient for more than 4 or 5 days,” adding: I smell lift support As they did when they lifted fuel subsidies, and then the price of a bundle of bread would become fictitious and reach 30 thousand pounds.”
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European traders said it is believed that Tunisia’s Grain Office purchased around 100,000 tons of durum wheat in an international tender that closed on Wednesday 02/03.
The quantity exceeds 75 thousand tons that were required in the tender.
The purchase was made in four shipments, each of 25,000 tons, and it is believed that the entire quantity was purchased from the Casillo trading company, and the price is estimated at 634.89 dollars per ton, including shipping costs. Durum wheat is required for shipment at different periods according to the origin.
Shipping is required between the first of April and the 20th of the same month if the origin is the Mediterranean and southern Europe, and between March 25 and April 15 if the origin is from Western Europe, and between March 20 and the tenth of April if the origin is the United States, Canada or South america.
Algeria’s Professional Grain Office issued a tender for the purchase of durum wheat, which closes on Wednesday 02/03.
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