{"id":638672,"date":"2017-10-11T03:54:17","date_gmt":"2017-10-11T03:54:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/govt-to-peg-prices-of-harvested-wheat-to-the-global-market\/"},"modified":"2017-10-11T03:54:17","modified_gmt":"2017-10-11T03:54:17","slug":"govt-to-peg-prices-of-harvested-wheat-to-the-global-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/govt-to-peg-prices-of-harvested-wheat-to-the-global-market\/","title":{"rendered":"Gov\u2019t to peg prices of harvested wheat to the global market"},"content":{"rendered":"<p><strong>Gov\u2019t to peg prices of harvested wheat to the global market: <\/strong>It would appear that under the new bread subsidy system the government will be pegging the price of wheat it purchases from farmers to the global market price, according to statements attributed to Agriculture Minister Abdel Moneim El Banna <a href=\"https:\/\/alborsanews.com\/2017\/10\/10\/1057059\">by Al Borsa<\/a>. The move was naturally met with disdain, with members of the House of Representatives\u2019 Agriculture Committee along with a number of grower\u2019s associations have called on the government to raise the price it pays to farmer for a number of goods including wheat. Agriculture associations have been demanding that the government pay EGP 650 per ardib, up from EGP 565 during the previous harvest season. El Banna had said that pegging wheat prices to the global market would make it impossible to set a purchase until the harvest season begins in April.<\/p>\n<p>Separately,<strong> the House Agriculture Committee is also pushing for the government to raise prices on sugar beets and sugarcane from farmers<\/strong>, calling for beets to be bought at EGP 700 per tonne and sugarcane be purchased at EGP 1000 per tonne. The government is considering the proposal, said El Banna.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov\u2019t to peg prices of harvested wheat to the global market: It would appear that under the new bread subsidy system the government will be pegging the price of wheat it purchases from farmers to the global market price, according to statements attributed to Agriculture Minister Abdel Moneim El Banna by Al Borsa. The move [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638672","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4d435c36-95a6-44d7-bb22-8e0c220fab19","order":"0","is_powered_by":true,"section_story_id":"c4293de0-00b4-43d6-a7da-51e4eff7f54d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638654],"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>Gov\u2019t to peg prices of harvested wheat to the global market - 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\/2017\/10\/11\/govt-to-peg-prices-of-harvested-wheat-to-the-global-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t to peg prices of harvested wheat to the global market\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t to peg prices of harvested wheat to the global market: It would appear that under the new bread subsidy system the government will be pegging the price of wheat it purchases from farmers to the global market price, according to statements attributed to Agriculture Minister Abdel Moneim El Banna by Al Borsa. The move [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/govt-to-peg-prices-of-harvested-wheat-to-the-global-market\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-11T03:54:17+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/govt-to-peg-prices-of-harvested-wheat-to-the-global-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/govt-to-peg-prices-of-harvested-wheat-to-the-global-market\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t to peg prices of harvested wheat to the global market\",\"datePublished\":\"2017-10-11T03:54:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/govt-to-peg-prices-of-harvested-wheat-to-the-global-market\/\"},\"wordCount\":205,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/govt-to-peg-prices-of-harvested-wheat-to-the-global-market\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/govt-to-peg-prices-of-harvested-wheat-to-the-global-market\/\",\"name\":\"Gov\u2019t to peg prices of harvested wheat to the global market - 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