AreaEgypt

Commodity GroupGrains

CommodityWheat

Date23/04/2023

Policy CategoryConsumption and marketing

Policy InstrumentGovernment Procurement

DescriptionIncreased the domestic wheat procurement price for the upcoming season by 20 percent, from EGP 1 250 per 150 kg (USD 270 per tonne) to EGP 1 500 per 150 kg (USD 323 per tonne) from January, aimed to support local farmers and encourage increased production in order to reduce the import bill.