Egypt: Good start to the wheat season

Published 2023년 5월 11일

Tridge summary

The 2023 wheat harvest in Egypt is projected to be the largest on record, with 3.65 million feddans under cultivation, according to the Egyptian Farmers Syndicate. The government has set a high purchase price for wheat from farmers to encourage production and has implemented measures to facilitate delivery and payment. The Ministry of Supply has also diversified wheat import sources to reduce reliance on expensive supplies, importing from countries like Bulgaria, Romania, and Canada. The government's strategies, such as setting a fair purchase price and diversifying imports, are aimed at increasing domestic wheat production and reducing the need for costly imports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year’s wheat harvest will be one of the best in terms of area under cultivation, according to head of the Egyptian Farmers Syndicate Hussein Abu Saddam. Some 3,650,000 feddans (a feddan is slightly larger than an acre) were cultivated this season, the largest area ever, according to Abu Saddam. Moreover, as an incentive to farmers, the government has set a record price of LE1,500 per ardab (about 150 kg) for the wheat it purchases from them this season. This is 74 per cent higher than last year’s price, according to Minister of Finance Mohamed Maait. Ashraf Kamal, professor of Agricultural Economy at the Academy of Agricultural Research, is equally upbeat. “This is an outstanding season thanks to the government’s strong policies in favour of farmers,” he said. He pointed out that the government had initially set the price of an ardab of wheat at LE1,250, but then raised it to LE1,500 in sufficient time before the agricultural season began. “So far, it looks like this is going ...

Source: UkrAgroConsult