AreaEgypt
Commodity GroupGrains
CommodityWheat
Date16/03/2022
Policy CategoryConsumption and marketing
Policy InstrumentGovernment market intervention
DescriptionIncreased wheat procurement price by EGY 65 per ardeb (150 kilograms) (USD 27.7 per tonne). Payment to farmers was, therefore, set between EGY 865885 per ardeb (USD 366-374.6 per tonne), depending on wheat purity level. The measure aims to curb rapidly growing prices in local markets.
