Egyptian government sets purchase price for wheat
Egypt has set the purchase price of local wheat at 2,250-2,350 Egyptian pounds ($46.4-48.5) per ardeb (150 kilograms) for the 2025/2026 season, the cabinet said in a statement on Wednesday.
The new price is about 7% higher than the previous season, which ended in mid-August, during which prices ranged from 2,100 to 2,200 Egyptian pounds.
The statement said the increase was meant to “respond to current economic changes” in line with the “vision of the political leadership to strengthen food security aspects and reduce dependence on imports.”
Egypt, often the world’s largest wheat importer, needs more than 8 million tonnes of wheat a year to produce subsidized bread for more than 70 million citizens, Reuters reported.
The government typically buys about 3.5 million tonnes from local farmers and imports the rest.
The government has purchased just under 3.9 million tons locally this year, below its planned target of 4-5 million tons.
($1 = 48.4600 Egyptian pounds)
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