Egypt: Egypt's Local Wheat Procurement Policy Increase Farmers Profits

The Government of Egypt announced on January 5, 2017 that the price to be paid for local wheat to be harvested starting in mid-April, will be based upon the announced average international price of wheat which the Ministry of Supply and Internal Trade’s General Authority for Supply Commodities (GASC) pays via its tendering process. The calculation in Egyptian Pounds from the value in dollars will be based on the average dollar price paid for imported tendered wheat in the two months prior to the purchase of the harvest.

Egypt: Egypt's Local Wheat Procurement Policy Increase Farmers Profits