SAWT BEIRUT INTERNATIONAL

| 29 February 2024, Thursday |

“No need to panic,” says Lebanese Minister of Economy

Economy Minister Amin Salam emphasized during a televised interview that “sanctions on Russia may make it harder for us to buy wheat from other markets. “Lebanon requires between 550 and 560 thousand tons of wheat yearly,” he explained.

“We want to reach an agreement with one or two nations that will guarantee us a cheap wheat price, and we will be able to monitor a quantity of 50,000 tons that will meet our needs for a year,” he added. Traders should not exploit this stage or save any materials.”

“We are determined not to strike the mills sector, especially because buying flour from abroad may result in the mills being shutdown,” Salam said.

    Source:
  • Sawt Beirut International