Gov't to import 180-200k tonnes of wheat this month, local wheat price to be announced today

The Supply Ministry plans to import 180-200k tonnes of wheat this month, Supply Minister Ali El Moselhy tells Al Mal, adding that Egypt’s wheat reserves will last until mid-July. El Moselhy said that the ministry would announce the price of buying local wheat from farmers during the upcoming harvest season today. Farmers are pushing to set the price at EGP 700 per ardib, up from EGP 555 last year, Farmers Union head El Nouby Abul Loz told El Moselhy during a meeting earlier this week.