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Egypt's wheat purchases cross 4m tons - Minister

Egypt's wheat purchases cross 4m tons - Minister
(Photo Credit: Arabianeye - Reuters)

Cairo – Mubasher: The Egyptian government has bought 4.328 million tons of wheat from local farmers since the beginning of supply season, said Minister of Supply Khaled Hanafy in a press release.

Thus, the supplied amount jumped 110% from four million tons that were targeted for the current harvest season, the minister indicated.

Earlier, Khaled Hanafy announced allocating EGP 10 billion for purchasing wheat from local farmers.

The major importer of wheat received 3.7 million tons and 5.3 million tons from local farmers during the fiscal years 2014 and 2015, according to official data

The season of buying wheat begins in mid-April and ends by the last days of June.