Wheat Supply
The procurement price has been increased to LE 2,500 per ardeb, with immediate payment to farmers, a step aimed at supporting the stability of the domestic market
Under this agreement, ADEX, an affiliate of the Abu Dhabi Fund for Development, will provide a $100 million annual revolving financing program over five years, amounting to a total of $500 million. This funding will support Egypt’s efforts to secure its wheat supply
Through the 5-year agreement, Egypt will import milling wheat worth $100 million per year.
