Domestic wheat purchase season over, gov’t buys 3.4 mn tonnes

The Supply Ministry announced that the domestic wheat purchase season ended yesterday after the government hit its target of buying 3.4 mn tonnes, Al Masry Al Youmreported. Reuters is noting that the government did not meet its target of 3.5-4 mn tonnes. The government paid a total of EGP 13 bn for its purchases and Minister Ali El Moselhy instructed all government silos to cease purchasing operations. A source says the government will require 10 mn tonnes of wheat to produce subsidized bread in total, with the remaining quantities beyond the amounts bought domestically will be sourced through international transfers.