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)
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
Romania proposes joint NATO command to protect the Black Sea
Drought in India threatens sugar and biofuel production
Record sunseed harvest in Russia threatens to drive down prices in Kazakhstan
Corn drying costs in Ukraine could exceed the value of the grain at current prices
Oilseeds remain the only profitable segment of crop production in Russia
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon