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Egypt pays EGP 14.5bn for local wheat since April

Egypt pays EGP 14.5bn for local wheat since April
Egypt will pay farmers between EGP 655 and EGP 685 per ardeb

By: Mohamed Mowafy

Cairo – Mubahser: Egypt’s government has paid about EGP 14.5 billion for the amount of wheat delivered by local farmers since the beginning of this harvest season, assistant to the country’s minister of supply Wael Abbas said. 

The North African country has bought 3.3 million tonnes of local wheat during the season, which started in April, Abbas told Mubasher.

Egypt will pay farmers between EGP 655 and EGP 685 per ardeb (150 kilograms) of wheat based on quality.

The remaining amounts of local wheat will be delivered until mid-July, he revealed.

Egypt’s wheat reserves are sufficient to cover the country’s needs for more than five months, he added.