Egypt to buy wheat from local farmers at average global price
Wheat, on a farm, in Qalubiyah, North Cairo, Egypt - AP/Hassan Ammar

CAIRO: Egypt will start buying wheat from local farmers at the average global price starting next season, the cabinet said in a statement on Thursday.

The government will also begin directly subsidising wheat farmers by granting each of them 1,300 Egyptian pounds ($161.89) per feddan, the statement said.

Egypt will continue to subsidise sugar farmers at 400 Egyptian pounds per tonne.

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