Cairo boosts supply price of wheat for 2017 crop season- ministry

Egypt said Wednesday it raised the supply price of wheat it will buy from farmers from mid-April to mid-July to reach an upward of 575 Egyptian pounds per ardeb (roughly 150 kg) depending on the quality of the crop, the agriculture ministry said.

The new prices of the wheat are divided into three categories; 555 pounds per ardeb for the lowest quality, followed by 565 pounds and 575 pounds for the finer qualities, respectively.

This is the second time the country has increased the supply price for wheat in the past five months.

The wheat harvest season starts in May.

In November 2016, immediately after the country floated its currency and increased the price of subsidised fuel.

The Cabinet increased the prices of purchasing wheat from farmers from 420 pounds to 450 pounds per ardeb to support local producers.

Source: Ahram online