{"id":547601,"date":"2022-06-28T04:27:21","date_gmt":"2022-06-28T04:27:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/28\/penalties-on-farmers-meant-to-boost-the-local-harvest-might-get-tweaked\/"},"modified":"2022-06-28T04:27:21","modified_gmt":"2022-06-28T04:27:21","slug":"penalties-on-farmers-meant-to-boost-the-local-harvest-might-get-tweaked","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/28\/penalties-on-farmers-meant-to-boost-the-local-harvest-might-get-tweaked\/","title":{"rendered":"Penalties on farmers meant to boost the local harvest might get tweaked"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>The government has formed a committee to reconsider some of the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/29183830-0b02-47ca-9b6f-7227de89b93e\">penalties<\/a><\/strong><strong> it <\/strong><strong>imposed this harvest season on wheat farmers <\/strong>who fail to sell the required grain quotas to the state, <a href=\"https:\/\/alborsaanews.com\/2022\/06\/28\/1553237\">Al Borsa<\/a> reports, citing comments by Supply Minister Ali El Moselhy on the sidelines of his <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f2f16b19-feb0-48bb-9bb2-30d9c022fd79\">big presser on wheat<\/a> earlier this week. The state is reportedly finding it hard to impose some of the penalties \u2014 including money fines and withholding fertilizer subsidies for next year\u2019s crop from those who don\u2019t provide the required amount of wheat \u2014 due to confusion over whether landowners or their tenant farmers should be penalized, and land changing ownership, unnamed sources told Al Borsa.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Honeywell<\/strong> will use its tech to automate systems at the <strong>Anchor Benitoite <\/strong><strong>petrochemicals complex <\/strong>in the Suez Canal Economic Zone, under an MoU it signed with<strong> Anchorage Investments<\/strong>. (<a href=\"https:\/\/ent.news\/2022\/6\/HONEYWELL-AND-ANCHORAGE-INVESTMENTS.pdf\">Press release, pdf<\/a>)<\/li>\n<li>EFG Hermes\u2019 buy-now-pay-later platform<strong> valU <\/strong>has partnered with real estate developer<strong> Arab Developers Holding <\/strong>to provide residents with home improvement and maintenance finance. (<a href=\"https:\/\/ent.news\/2022\/6\/valU-Arab-Developers-Holding-English.pdf\">Statement, pdf<\/a>)<\/li>\n<li><strong>The National Bank of Egypt<\/strong> is opening its first branch in Juba, South Sudan today. (<a href=\"https:\/\/www.facebook.com\/Egypt.SouthSudan\/posts\/pfbid02bZxX6j23hnCbukTmqGHKoi5nnGWZLMAS5QRqBdVUcakcosp7MNDwXWqit2Sfm9b7l\">Statement<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The government has formed a committee to reconsider some of the penalties it imposed this harvest season on wheat farmers who fail to sell the required grain quotas to the state, Al Borsa reports, citing comments by Supply Minister Ali El Moselhy on the sidelines of his big presser on wheat earlier this week. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,2107,84,72,874,125,83,219,2106,515],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547601","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-competitive-neutrality","tag-efg-hermes","tag-enterpriseam","tag-honeywell","tag-investment-watch","tag-real-estate","tag-saudi-arabia","tag-south-sudan","tag-valu","wpautop","entry"],"acf":{"mongo_id":"d6625fdd-0a56-401a-82c9-0a0f97d9c578","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547583],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Penalties on farmers meant to boost the local harvest might get tweaked - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/28\/penalties-on-farmers-meant-to-boost-the-local-harvest-might-get-tweaked\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penalties on farmers meant to boost the local harvest might get tweaked\" \/>\n<meta property=\"og:description\" content=\"The government has formed a committee to reconsider some of the penalties it imposed this harvest season on wheat farmers who fail to sell the required grain quotas to the state, Al Borsa reports, citing comments by Supply Minister Ali El Moselhy on the sidelines of his big presser on wheat earlier this week. 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PLUS: News from HSBC and Mountain View","author":"enterpriseam admin","date":"6 June 2024","format":false,"excerpt":"The government is paying farmers EGP 2k per ardeb of wheat this harvest season","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/660.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571479,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/13\/the-wheat-season-in-the-northern-hemisphere-will-be-a-godsend-for-food-security-in-egypt\/","url_meta":{"origin":547601,"position":1},"title":"The wheat season in the northern hemisphere will be a godsend for food security in Egypt","author":"enterpriseam admin","date":"13 May 2020","format":false,"excerpt":"The wheat season in the northern hemisphere will be a godsend for food security in Egypt: Egypt\u2019s wheat imports could pick up in a couple of months once the harvest season begins in the northern hemisphere and helps to boost global supply, Bloomberg says. The harvest season comes at a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/135.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647101,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/02\/govt-bought-237k-tonnes-of-wheat-from-local-farmers-so-far\/","url_meta":{"origin":547601,"position":2},"title":"Gov\u2019t bought 237k tonnes of wheat from local farmers so far","author":"enterpriseam admin","date":"2 May 2017","format":false,"excerpt":"Egypt bought 237k tonnes of wheat from farmers since the start of the local harvest season early April, the Supply Ministry said, according to Reuters. Minister Ali El Moselhy had said the government is targeting buying about 3.8 mn tonnes of wheat from local farmers throughout the current harvest season,\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653207,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/31\/wheat-harvest-collection-regulations-out-today\/","url_meta":{"origin":547601,"position":3},"title":"Wheat harvest collection regulations out today","author":"enterpriseam admin","date":"31 January 2017","format":false,"excerpt":"Regulations governing the collection of this season\u2019s wheat harvest will be announced today by the ministries of agriculture and supply, said Agriculture Ministry spokesperson Hamed Abdel Dayem. These regulations were drawn up with an eye to mitigating the problems that led to last year\u2019s wheat corruption scandal. The announcement will\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649017,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/government-collects-5500-tonnes-of-wheat-during-first-3-days-of-wheat-harvest-season\/","url_meta":{"origin":547601,"position":4},"title":"Government collects 5,500 tonnes of wheat during first 3 days of wheat harvest season","author":"enterpriseam admin","date":"19 April 2017","format":false,"excerpt":"The General Authority for Supply Commodities has collected 5,500 tonnes of local wheat from farmers during the first three days of the wheat harvest season, Al Mal reports. The government is targeting collecting 4.2 mn tonnes of local wheat during the harvest season, which runs through the beginning of July.","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597219,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/egypt-buys-3-3-mn-tonnes-of-local-wheat-this-harvest-season\/","url_meta":{"origin":547601,"position":5},"title":"Egypt buys 3.3 mn tonnes of local wheat this harvest season","author":"enterpriseam admin","date":"18 July 2019","format":false,"excerpt":"The local wheat supply season ended on 15 July, with the government having bought 3.3 mn tonnes from farmers for a total of EGP 2.24 bn, up from 3 mn tonnes the previous year, according to a Supply Ministry statement. The purchase came at an average price of EGP 670\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=547601"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547601\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547583"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547601"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547601"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}