Egypt aims to produce 5 million tons of wheat

the first half of this year, imports fell by a quarter compared to the same period last year, while the government’s share dropped by more than half to 1.6 million tons. This change is linked to the shift in the state buyer from the General Authority for Supply Commodities (GASC) to the military-linked company Future of Egypt for Sustainable Development (Mostakbal Misr). The ministry reported that it purchased over 4 million tons of wheat during the domestic harvest, although Reuters data shows acquisitions of about 3.9 million tons — slightly below the announced target of 4–5 million tons for the season running from mid-April to mid-August. Strategic commodity reserves remain at safe ...