Egypt targets 5 million tons of local wheat procurement to reduce import gap
via Egypt Today1 min read
Egypt aims to procure five million tons of wheat from local farmers during the current harvest season to decrease its import dependency and secure strategic reserves. This objective was discussed in a meeting between President Abdel Fattah El-Sisi, the prime minister, the ministers of agriculture and supply, and the chief of the Future of Egypt Authority for Sustainable Development. The local wheat procurement season will run from April 15 to August 15. To support farmers and market stability, the procurement price has been raised to LE 2,500 per ardeb, with immediate payment.
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