In 2024, Egypt plans to purchase 3.5 million tons of wheat on the domestic market

게시됨 2024년 4월 1일

Tridge 요약

In 2024, the Egyptian Ministry of Supplies and Internal Trade plans to purchase 3.5 million tons of wheat from local farmers, a slight decrease from the 3.8 million tons bought the previous year. This move is part of an effort to encourage domestic wheat production by increasing the purchase price to 1,600 Egyptian pounds per ardeb, up from 1,500. Despite these incentives, the area dedicated to wheat cultivation in Egypt has remained steady at 3 million feddans. Meanwhile, the country's grain imports have risen by 14.5% in 2023, totaling 11 million tons, as Egypt continues to balance between boosting local agriculture and meeting its grain needs through imports.

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원본 콘텐츠

According to the Egyptian Ministry of Supplies and Internal Trade, in 2024 the country's government plans to purchase 3.5 million tons of domestically produced wheat for state reserves, which is less than last year (3.8 million tons), The National News reports. As recalled, in November the government raised the purchase price of local wheat to 1,600 Egyptian pounds ($33.7) per ardeb (150 kg) from 1,500 Egyptian pounds to encourage farmers to sell. Let us remind you that in Egypt wheat ...

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