Cabinet approves additional incentive for wheat farmers in Egypt
The Egyptian cabinet approved an additional incentive to supply wheat from farmers for the 2023 season, bringing the price of wheat to EGP 1,500 per ardeb of 23.5 carats, according to a statement on April 12th.
This decision comes in implementation of the directives of President Abdel Fattah El-Sisi to revise the supply price of wheat for farmers in the current harvest season.
On January 19th, Prime Minister Mostafa Madbouly said that the cost of wheat subsidies would increase to EGP 95 billion by the end of the year, up from EGP 38 billion.
Read also
Official Release – December 17th! Crop & Price Navigator 2026/27
Ukraine’s harvest nears completion: Total grain output exceeds 56 mln tons
Wheat heads for worst week since June on global oversupply
‘Soybean GPT’ lands South Korea’s agriculture ministry in awkward situation
Thailand purchases 65 thsd tons of Argentine feed wheat
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon