The decision comes as part of the ministry’s plan to stabilise prices and ensure the availability of high-quality olive oil amid a sharp decline in local production this season.
The company will be jointly owned by Samcrete Egypt, a leading domestic construction and industrial firm, and Feerum S.A., a Polish manufacturer specializing in grain storage and drying systems
Primarily used for couscous and pasta production, Canada Western Amber Durum (CWAD) is especially valued in Morocco for its bright yellow pigment.
Once completed, Egypt’s total grain reserves will exceed 6 million tons, marking a major step toward stabilizing its supply chain for key staples.
With domestic needs fully met, Zimbabwe is now seeking export opportunities within the region, particularly in neighboring countries.