Egyptian government sets purchase price for wheat

The statement said the increase was meant to “respond to current economic changes” in line with the “vision of the political leadership to strengthen food security aspects and reduce dependence on imports.” Egypt, often the world’s largest wheat importer, needs more than 8 million tonnes of wheat a year to produce subsidized bread for more than 70 million citizens, Reuters reported. The government typically buys about 3.5 million tonnes from local farmers and imports the rest. The government has purchased just under 3.9 million tons locally this year, below its planned target of 4-5 million tons. ($1 = 48.4600 Egyptian pounds) Discover more about аgri ...