Egypt’s total wheat serves currently amount to 3.915 million tonnes, according to a statement by the Cabinet on Wednesday.
The amount, based on total domestic and imported reserves, is expected to last until 16 November.
Supply Minister Bassem Ouda claimed in a television interview on Monday that the reserves could in fact last until 1 December.
The wheat harvest ends in Egypt on 15 June.
The Cabinet statement also said the government had accounted for 118,000 tonnes of cooking oil that would last until mid-July.
Sugar stocks meanwhile reached 560,000 tonnes, enough to last 139 days.
During the Wednesday meeting, Ouda claimed Egyptian rice stocks, currently at 251,000 tonnes, would be sufficient to last until mid-August.
Cabinet also approved investment projects on lands along the Alexandria-Cairo desert road. Profits resulting from the selling of lands would feed the state budget, officials said.
Egypt, the largest importer of wheat in the world, aims to produce more of the crop this year in attempts to reduce imports, as the Egyptian pound continues to struggle against foreign currencies.
President Mohamed Morsy’s administration aims to provide 9.5 million tonnes of wheat, half of which the government buys off to subsidize bread production.
The General Authority for Supply Commodities on 30 May said it had sufficient stock for at least 5 months, predicting an additional supply for another 2 months after harvest this year.
