Egypt reduced its purchase of wheat from local producers by more than a third
Egypt has purchased 466,266 tonnes of wheat from local farmers since the official start of the procurement season in mid-April, Reuters reported, citing government data.
The figure is more than 37% lower than in the same period last year.
Despite the reduction in wheat acreage this season, the government believes that it will be able to purchase 4 to 5 million tonnes from local producers by raising the purchase price by 10%. This will allow it to import about 6 million tonnes.
Usually, the authorities purchase about 3.5 million tonnes of wheat from local farmers per season.
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