Egypt: 4 million tons of local wheat are targeted for the upcoming harvest season

Egypt bought 4.2 million tons of local wheat from farmers during the last season. The last season, which normally begins in mid-April, began two weeks prior to its regular time. The government fell short of attaining the targeted amount – announced previously by officials – of 6 million tons of local wheat. The Egyptian Cabinet will declare extra incentives to wheat farmers in their next meeting, Moselhi said. In August 2022, the Egyptian Cabinet approved raising the guide price of local wheat procurement for the 2023 harvest season by 13.6 percent to EGP 1,000 per ardeb (1 ardeb is equivalent to 150kg) in a step that “reflects the state’s keenness to support farmers and encourage them to cultivate and supply wheat to the state”. In the 2022 local supply season, the local wheat procurement price had amounted to EGP 880 per ardeb on average. This price included additional incentives. The supply minister also indicated that up until Saturday the Ministry of Supply had managed to ...