Egypt’s domestic wheat purchases reach 4.8 mln tonnes
Waleed Hussien, 15, carries freshly harvested wheat in a field in Qaha, El-Kalubia governorate, northeast of Cairo, Egypt May 5, 2016. REUTERS/Amr Abdallah Dalsh
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CAIRO: Egypt’s government has bought 4.8 million tonnes of domestic wheat since the start of the season on April 15, the agriculture ministry said on Friday.

The government had originally set a target of 4 million tonnes but said that, after reaching that volume, it would continue to buy from local farmers.

The supply ministry has said that procurement is likely to end in mid-June.

Egypt is paying farmers a fixed price of 420 Egyptian pounds ($47.30) per ardeb (150 kg) of wheat this year.

Egypt’s wheat harvest runs from April to July.

In 2015 the government said it procured a record 5.3 million tonnes of wheat from domestic farmers, up from 3.7 million tonnes the previous year. ($1 = 8.8799 Egyptian pounds)

 

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