Lebanon has wheat reserves sufficient for one month at most, Economy Minister Amin Salam told Reuters on Friday, amid fears in the market due to the Ukraine crisis.
The country, which imports nearly 60 percent of its wheat from Ukraine, is in talks with other countries including the United States and India to import wheat, Salam added.
“We don’t want to create a state of panic, we have positive indicators,” said the minister.
Lebanon’s main wheat silos were destroyed in the 2020 Beirut port explosion, since when the country has only had enough capacity to store a month’s supply.
Earlier on Friday, Georges Berbari, the ministry’s general director of grains and sugar beets, told Reuters that Lebanon’s wheat reserves were enough for 1.5-2 months.
He said the government was seeking to focus production on Arabic loaves and away from luxury goods such as croissant and cakes to make the supplies last longer.
Two wheat shipments to Lebanon that were being loaded in Ukraine had been delayed due to the war, Berbari added.
European wheat prices hit record high after Ukraine invasionThe price of wheat smashed its previous record high in European trading on Thursday as Russia invaded Ukraine, putting a question mark on the future ... World News
Russia captures key water supply route to annexed CrimeaRussian forces invading Ukraine said they had taken control of a vital canal to supply water to Moscow-annexed Crimea, which has been suffering from ... World News
Turkey unable to stop Russian warships in Black Sea due to int’l pact: FMTurkey cannot stop Russian warships accessing the Black Sea via its straits, as Ukraine has requested, due to a clause in an international pact that ... World News
Russia invaded Ukraine. What happens next?There will be no ravaging World War III to end all life on earth. But there might be worse: protracted wars on multiple frontlines fought with ... Opinion