{"id":623549,"date":"2024-06-06T00:00:00","date_gmt":"2024-06-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/06\/the-supply-ministry-wants-less-imported-wheat-and-more-local-wheat-plus-news-from-hsbc-and-mountain-view\/"},"modified":"2024-06-06T00:00:00","modified_gmt":"2024-06-06T00:00:00","slug":"the-supply-ministry-wants-less-imported-wheat-and-more-local-wheat-plus-news-from-hsbc-and-mountain-view","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/06\/the-supply-ministry-wants-less-imported-wheat-and-more-local-wheat-plus-news-from-hsbc-and-mountain-view\/","title":{"rendered":"The Supply Ministry wants less imported wheat and more local wheat. PLUS: News from HSBC and Mountain View"},"content":{"rendered":"<p class=\"tag-border-left\">COMMODITIES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Less imported wheat and more local wheat: <\/strong>The Supply Ministry is now looking to import some 5 mn tons of wheat this year, down from its initial target of 6 mn tons, as it works to up its purchases of local wheat, Supply Minister Ali El Moselhy told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/64501\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%86-%D9%84%D9%80%D8%A7%D9%84%D8%B4%D8%B1%D9%82-%D9%85%D8%B5%D8%B1-%D8%AA%D8%AE%D9%81%D8%B6-%D8%A7%D8%B3%D8%AA%D9%8A%D8%B1%D8%A7%D8%AF-%D8%A7%D9%84%D9%82%D9%85%D8%AD-17-%D9%81%D9%8A-2024\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The ministry is now looking to procure around 3.7 mn tons of local wheat, up from an initial target of 3.5 mn tons, he added. The government has so far bought 3.4 mn tons of wheat from local farmers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To help it reach its target: <\/strong>The government earlier this year <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/58d7b10d-1b31-4123-b4ac-7c45cb4f6ecb\" style=\"\" rel=\"noopener\">said it will start paying<\/a> farmers EGP 2k per ardeb of wheat this harvest season, up from last year\u2019s EGP 1.5k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gov\u2019t fell short of its target last year:<\/strong> The government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2b85b33-08f0-40af-995f-f72ff64b189b\/more-than-6-consortiums-interested-in-north-coast-solar-tender.-plus:%253cmark%253e-local-wheat%253c%2Fmark%253e,-yalla-is-heading-to-ksa,-golden-licenses-in-the-bag-for-4-projects\" style=\"\" rel=\"noopener\">procured around 3.4 mn tons<\/a> of wheat from local farmers during last year\u2019s harvest, falling short of its 4 mn-ton target.<\/p>\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Juhayna in line for a sustainability top-up from HSBC:<\/strong> Our friends at HSBC will provide dairy giant Juhayna with an undisclosed sustainability-linked loan, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/6\/560.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The terms of the loan will be based on several KPIs, such as reducing emissions by 18.7% by 2025 compared to 2021 and ramping up health and safety training hours by 20% compared to 2022.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A Mountain View resort in Sidi Abdel Rahman:<\/strong> Real estate developer Mountain View has launched its latest North Coast project \u2014 an EGP 90 bn tourism project dubbed Plage in the heart of Sidi Abdel Rahman in the North Coast, according to a statement cited by <a target=\"_blank\" href=\"https:\/\/x.com\/AsharqbEGY\/status\/1798372922639196329\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China wants to set up a veterinary vaccines factory <\/strong>and has offered to start conducting the necessary studies. This came during a meeting between Agriculture Minister El Sayed El Quseir and representatives from 22 leading Chinese poultry production companies, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0DrqX5XSXD7rZrWbq6foTMihLUXr28wJvT61vQ3gkAorqJAjm91dUnqKBwP9LfpKVl\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is paying farmers EGP 2k per ardeb of wheat this harvest season<\/p>\n","protected":false},"author":1,"featured_media":623550,"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":[111,317,72,490,1027,154,777,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-commodities","tag-enterpriseam","tag-hsbc","tag-juhayna","tag-mountain-view","tag-supply-ministry","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"071aec1d-f26b-4a72-9c25-e3a460f679da","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/660.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Supply Ministry wants less imported wheat and more local wheat","related_issue":[623530],"teaser":"The government is paying farmers EGP 2k per ardeb of wheat this harvest season","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.d5c78c02-c667-444f-9084-bf75dfc42722.mp3"},"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>The Supply Ministry wants less imported wheat and more local wheat. 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