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Thursday, 18 July 2019

Egypt buys 3.3 mn tonnes of local wheat this harvest season

The local wheat supply season ended on 15 July, with the government having bought 3.3 mn tonnes from farmers for a total of EGP 2.24 bn, up from 3 mn tonnes the previous year, according to a Supply Ministry statement. The purchase came at an average price of EGP 670 per ardib. Minister Ali El Moselhy had previously said his ministry plans to procure 3.6 mn tonnes of wheat from local farmers this season. The government rejected a total of 50k tonnes of wheat this season due to poor quality.

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