Trade and markets
 

Detail

Area
Egypt
Commodity Group
Grains
Commodity
Wheat
Date
01/02/2016
Policy Category
Consumption and marketing
Policy Instrument
Government procurement
Description
Announced that wheat will be procured at a fixed price of EGP 2 800/tonne (USD 358) in 2016/17 (Apr/Mar), reversing previously announced plans to buy local supplies at an average global price, supplemented by a direct cash subsidy.