Finance Ministry provides LE1.1 bln to buy local wheat from farmers ...Egypt

EGYPT INDEPENDENT - News
Finance Ministry provides LE1.1 bln to buy local wheat from farmers
source : EGYPT INDEPENDENT ( Egypt ) () 25
Finance Minister Mohamed Maait announced that LE1.1 billion will be provided to the General Authority For Supply Commodities and the Agricultural Bank of Egypt as an advance payment under the account for financing the purchase of the local wheat crop. The sum will be used to pay the dues of farmers who supply wheat, according to a statement by the ministry. The statement explained that the decision comes in implementation of presidential directives to facilitate the use of local wheat. The government aims to supply about six million tons of local wheat this year at a total cost of about LE36 billion, the statement said, explaining that the price of importing a ton of local wheat this year wa

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