Egypt: The Ministers of Agriculture and Supply discuss setting indicative prices for strategic crops

Published Jul 25, 2024

Tridge summary

Alaa Farouk, Minister of Agriculture and Land Reclamation, and Dr. Sherif Farouk, Minister of Supply and Internal Trade, met to discuss setting indicative prices for purchasing wheat, sugar beets, and sugar cane from farmers for the new season. The meeting aimed to encourage the cultivation of strategic crops, reduce imports, and increase farmers' incomes. Emphasizing the importance of coordination between the Ministries of Agriculture, Supply, and Finance, the ministers focused on achieving food security and supporting farmers. They also explored joint cooperation on revitalizing the commodity stock exchange, activating contract farming, and expanding the availability of basic commodities.

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

Original content

Alaa Farouk, Minister of Agriculture and Land Reclamation, and Dr. Sherif Farouk, Minister of Supply and Internal Trade, discussed setting indicative prices for purchasing crops: wheat, sugar beets, and sugar cane from farmers for the new season. This came during the meeting held at the headquarters of the Ministry of Supply and Internal Trade in New Alamein City, to discuss a number of joint cooperation files between the two ministries, in the presence of a number of leaders of the two ministries. The Minister of Agriculture confirmed that the production costs for the three crops were studied, taking into account achieving appropriate profitability for the farmer, to determine indicative prices for those crops, and announce them to farmers early and before the planting date at an appropriate time, in coordination between the Ministries of Agriculture, Supply and Finance. Alaa Farouk pointed out that this step comes in order to encourage farmers to grow important strategic crops ...

Source: Almalnews