Egypt buys 466,266 tons of wheat from local farmers, document shows

Egypt, often the world’s top wheat importer, has bought 466,266 metric tons of wheat from local farmers since the procurement season officially started in mid-April, an official document showed on Monday.
That is a fall of more than 37% from purchases made in the same period of last year.
Despite a decrease in wheat-cultivated areas this season, the government believes it can buy 4 million to 5 million tons of wheat from local farmers, having raised the procurement price by 10%, leaving it to import about 6 million tons to provide heavily subsidised bread for more than 69 million Egyptians.
The government typically purchases 3.5 million tons from local farmers.
Farmers have told that wheat has become less profitable than crops like beet, the area of which increased from 500,000 feddans to 700,000 feddans ((210,000-294,000 hectares) this year.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Trump announced new fees for partners within 2-3 weeks
Good rainfall in the US and Ukraine and dry weather in China and Australia will ha...
What are the threats to Ukraine from new trade conditions with the EU?
Brazil Converts Pastureland to Cropland to Boost Soybean Production
April outlook: May to determine the future of the 2025 Ukrainian crop
Write to us
Our manager will contact you soon