SAWT BEIRUT INTERNATIONAL

| 28 February 2024, Wednesday |

Lebanon’s wheat reserves are sufficient for a month at most, says Economy Minister

The Minister of Economy and Trade Amin Salam confirmed on Friday to “Reuters” that Lebanon’s wheat reserves are sufficient for a maximum period of one month, amid market fears due to the Ukrainian crisis.

Earlier, a ministry official said that Lebanon’s wheat reserves are sufficient for one and a half to two months and that the country, which imports 60% of its wheat needs from Ukraine, is in talks with India to import more.

Lebanon imported more than 630,000 tons of wheat from Ukraine in 2020, or 80% of its consumption needs, up from 535,000 tons of wheat imported in 2019.

In previous years, Lebanon did not depend almost entirely on Ukrainian wheat. In 2015, Lebanon imported only about 30% of its wheat needs from Ukrainian, while it imported about 46% from Russia, and the rest from other countries.

In the following years, Lebanon’s import of Ukrainian wheat gradually increased until it reached 80 percent in the year 2020 from Ukraine, 15% from Russia, and 5% from other countries.

    Source:
  • alarabiya
  • Sawt Beirut International