Supply minister: 3.3 million tons of local wheat has been delivered so far

CAIRO - 30 May 2022: Minister of Supply and Internal Trade Ali el Moselhi said farmers have delivered 3.3 million tons of local wheat to the state so far as part of the local wheat harvest season that has started in April, according to a statement by the supply ministry on Monday.

 

The ministry has secured 450 points to receive local wheat this year, Moselhi said, affirming that there are enough strategic capacities to receive the targeted quantity of local wheat, it noted.

 

Earlier in March, Moselhi said that Egypt’s strategic reserve of wheat is sufficient to last the country through 3.4 months.

 

Moselhi said his ministry targets to procure 6 million tons of wheat from local farmers during the April harvest season, adding that LE 36 billion have been allocated for this purpose.

 

Egypt’s Cabinet earlier announced setting the additional incentives ordered earlier by President Abdel Fattah El Sisi to encourage farmers to hand their local wheat to the state at LE 65 per ardeb.

 

As per the directives, the price of wheat ardeb, which is equal to 150 kilograms, will be LE 865, 875, and 885 for wheat with purity percentage of 22.5, 23, and 23.5 respectively.

 

Egypt has already raised the price of ardeb from LE 710 to nearly LE 810 last year to encourage farmers to supply local wheat.

 

Ministers of Supply and Internal Trade, Finance and Agriculture issued a decree in March to start the season of supplying locally produced wheat for 2022 on April 1 instead of April 15.

 

Egypt is the largest importer of wheat in the world.