CAIRO: For every feddan of wheat, an Egyptian farmer will be granted 1,300 EGP ($166) in subsidies before the harvest season to encourage cultivation of the crop, Youm7 reported Monday.
The cash will be dispensed in February, Supply Minister Khaled Hanafy told Youm7, adding that the private sector will buy the local wheat at a relatively high price, reflecting positively on farmers.
Egypt is the world’s largest wheat imported, with traditional bread being a staple in Egyptian meals. It has imported tons of wheat in the past few months from Russia, France and Romania to secure subsidized bread and to prevent high prices offered by the private sector over wheat-based production.
It also announced establishing several wheat silos to prevent the loss of tons of local wheat every year.