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Saturday, 18 November 2017

Egypt to buy wheat from local farmers at global prices the coming season

Reuters , Sunday 5 Nov 2017
wheat
Farmers harvest wheat on Qalyub farm in the El-Kalubia governorate, northeast of Cairo, Egypt May 1, 2016 Reuters
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Egypt will buy wheat from its local farmers at global prices next season and will announce the price in Mid-March, the supply ministry said in a statement on Saturday.

“The government is keen on supporting and securing the purchase of the local wheat crop from farmers in accordance with the global prices, while taking into account the cost of all elements of production,” the statement said.

Egypt’s local wheat harvest begins around mid-April and runs through July.

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