|19 March, 2020

Egypt sets local wheat procurement price before harvest

Egypt's Supply Minister Ali Moselhy had said the government aimed to procure around 3.6mln tonnes of local wheat from the harvest.

An Egyptian farmer holds a handful of freshly harvested wheat grains during the launch of the Government's local wheat harvest at a field in Beni Suef, south of Cairo, Egypt April 24, 2017.

An Egyptian farmer holds a handful of freshly harvested wheat grains during the launch of the Government's local wheat harvest at a field in Beni Suef, south of Cairo, Egypt April 24, 2017.

REUTERS/Amr Abdallah Dalsh

CAIRO- Egypt has set a local wheat procurement price of 700 Egyptian pounds ($44.59) per ardeb (150 kg) before the harvest starts next month, the cabinet said in a statement on Thursday.

Egypt's Supply Minister Ali Moselhy had said the government aimed to procure around 3.6 million tonnes of local wheat from the harvest. 

($1 = 15.7000 Egyptian pounds)

(Reporting by Moamen Saeed Attallah; Writing by Nadine Awadalla; Editing by Edmund Blair) ((Nadine.Awadalla@thomsonreuters.com;))