What's Hot

    Italian football league Lega Serie A opens office in Abu Dhabi

    March 11, 2023

    Global climate action will be supported by Egypt and UAE at COP28

    March 10, 2023

    Vatican to return three Parthenon sculptures to Greece

    March 9, 2023
    Facebook Twitter Instagram
    New MadagascarNew Madagascar
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    New MadagascarNew Madagascar
    Home » Lebanon faces major wheat crisis as grain reserves will last just 90 days
    News

    Lebanon faces major wheat crisis as grain reserves will last just 90 days

    March 4, 2022
    Facebook Twitter Pinterest Reddit Telegram LinkedIn Tumblr VKontakte WhatsApp Email

    The Prime Minister, Najib Mikati, held a series of ministerial meetings at the Grand Serail. In this context, the PM met with Economy and Trade Minister, Amin Salam, to discuss the country’s food crisis. This was in light of the citizens’ mounting fear of a possible shortage of wheat for bread, in Lebanon, a staple necessity.

    The Prime Minister, Najib Mikati, held a series of ministerial meetings at the Grand Serail. In this context, the PM met with Economy and Trade Minister, Amin Salam, to discuss the country's food crisis. This was in light of the citizens' mounting fear of a possible shortage of wheat for bread, in Lebanon, a staple necessity.  Salam told Mikati that Lebanon only has enough wheat to last for a month or a month and a half at most. Moreover, he confirmed that the Council of Ministers also authorized the Directorate of Grains and Sugar Beets to purchase 50,000 tons of wheat from abroad. This was in order to secure a reserve for another month. In spite of Salam's hope that citizens would not panic, the situation is depressing. Meanwhile price manipulation by merchants and stakeholders is rampant.Salam told Mikati that Lebanon only has enough wheat to last for a month or a month and a half at most. Moreover, he confirmed that the Council of Ministers also authorized the Directorate of Grains and Sugar Beets to purchase 50,000 tons of wheat from abroad. This was in order to secure a reserve for another month. In spite of Salam’s hope that citizens would not panic, the situation is depressing. Meanwhile price manipulation by merchants and stakeholders is rampant.

    With the slumping dollar stimulating demand for energy, metals, and crops as inflation hedges, commodities surged last week, capping the biggest monthly rally in 34 years. This included the price of crude oil and wheat crop, among others, which the Lebanese government so desperately needs. Furthermore, due to Lebanon’s highly strained relations with the Gulf countries, aid and donations have been hard to come by.

    Share. Facebook Twitter Pinterest LinkedIn Reddit Email

    Related Posts

    Global climate action will be supported by Egypt and UAE at COP28

    March 10, 2023

    Vatican to return three Parthenon sculptures to Greece

    March 9, 2023

    UK government denies that the expulsion of asylum seekers is illegal

    March 9, 2023

    Missouri gun law ruled unconstitutional by federal judge

    March 8, 2023
    Latest News

    Italian football league Lega Serie A opens office in Abu Dhabi

    March 11, 2023

    Global climate action will be supported by Egypt and UAE at COP28

    March 10, 2023

    Vatican to return three Parthenon sculptures to Greece

    March 9, 2023

    UK government denies that the expulsion of asylum seekers is illegal

    March 9, 2023
    © 2021 New Madagascar | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.