Egypt is planning to increase its wheat cultivation area this season to around 3.74 mn acres, up from 3.11 mn acres last year, an Agriculture Ministry spokesperson said. Around 1.66 mn acres have already been plated this season, Reuters reports. Egypt’s wheat reserves currently stand at 3.4 mn tonnes, enough to cover a period of 4.5 months, according to Supply Minister Ali El Moselhy.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…