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

Published Jul 25, 2024

Tridge summary

Dr. Sherif Farouk, Minister of Supply and Internal Trade, and Alaa Farouk, Minister of Agriculture and Land Reclamation, met to discuss setting indicative prices for wheat, sugar beets, and sugar cane for the new season. The meeting aimed at achieving food security, supporting farmers, and increasing their incomes by setting remunerative prices to encourage the cultivation of strategic crops, thereby reducing imports and saving hard currency. They also explored joint cooperation on revitalizing the commodity stock exchange, activating contract farming, and expanding the range of contracted crops and commodities.

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Original content

Dr. Sherif Farouk, Minister of Supply and Internal Trade, and Alaa Farouk, Minister of Agriculture and Land Reclamation, 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, to discuss a number of joint cooperation files, in the presence of a number of leaders of the two ministries. The Minister of Supply confirmed that the current period is witnessing full cooperation and coordination between the Ministries of Supply and Agriculture in all issues related to achieving food security, as well as supporting farmers and increasing their incomes. Sherif Farouk pointed out that the needs of the state and citizens for important strategic crops were studied, to determine the quantities required of them, and to fill any deficit, pointing out that encouraging farmers to grow strategic crops, by setting a ...

Source: Almalnews