AreaEgypt

Commodity GroupGrains

CommodityWheat

Date31/08/2022

Policy CategoryConsumption and marketing

Policy InstrumentGovernment procurement

DescriptionRaised the procurement price of local wheat by 13.6 percent, from EGP 800 to EGP 1 000 per ardeb (from USD 300 to USD 340 per tonne), for the 2023 season. The new procurement price is indicative and subject to increase if global wheat prices rise. The new price will encourage farmers to supply more wheat to the government.