Wheat
Egypt meets around 56% of its domestic wheat demand and aims to increase that to 65% in the coming phase, while maintaining a balanced approach to crop diversification and water resource management.
Kazakhstan is one of the largest producers and exporters of wheat in the world, as its grain production reached 26 million metric tons last year.
Egypt plans to cultivate 3.1 million feddans (acre) of wheat this season, with an increase in productivity of up to 25 ardab (150 kilograms) per acre, according to Minister of Agriculture and Land Reclamation Alaa Farouk on Sunday.
In contrast, June witnessed a decrease in wheat imports to $261 million, a 21.5 percent drop from June 2023's $332 million.
Egyptian wheat imports increased significantly in the first half of this year 2024, compared to the same period last year 2023, according to data from the Central Agency for Public Mobilization and Statistics.
This latest development underscores the port's ongoing commitment to facilitating international trade and ensuring the country's food security.
Furthermore, the document specifies that mills have also elevated the prices of flour supplied to local bread bakeries to LE 16,000 per ton, effective from the beginning of August, marking a 35 percent increase from the previous price of LE 11,800 per ton.
That is in tandem with setting a plan to connect them with railways and inland ports.
Maait addressed one of the key priorities outlined in the new budget, which sets aside LE 40.5 billion to support productive activities and enhance export capabilities.
In an effort to strengthen its position in the global grain market, the Egyptian Holding Company for Silos and Storage (EHCSS) has initiated discussions with the Russian government regarding the establishment of a grain center in Egypt's East Al-Tafria area in Port Said, Al-Moselhi added.
The Red Sea Ports Authority revealed that the Safaga Port in the Red Sea received a shipment of wheat on board the ship AAI EVOLUTION.
This goal is outlined in the economic development plan document for the current fiscal year 2023/2024, as presented by the Minister of Planning, Hala Al-Saeed.
This goal is outlined in the economic development plan document for the current fiscal year 2023/2024, as presented by the Minister of Planning, Hala Al-Saeed.
Minister Moselhi emphasized that Egypt’s strategic reserves of wheat can sufficiently cover Egyptians’ needs for 4 and a half months
During the meeting, El-Quseir also discussed the status of a variety of agricultural crops, stressing that they are available in the markets in appropriate quantities and prices
Egypt raises the local wheat procurement price from LE 1500 to LE 1600 per wheat ardeb
Abou Saddam pointed out that Egypt currently grows only 50 percent of its consumption of wheat.
This move could potentially provide Egypt with a cost-effective alternative to Russian grain imports. Russia has been supplying an increasing share of Egypt's wheat since last year, but they recently refused a purchase deal below the unofficial minimum price for wheat procurement.
Egypt and France have the same visions in the importance of a ceasefire, sending aid, and launching a national dialogue between all components of the Sudanese people. He called for developing a road map in the future to address the crisis.
Egypt might increase its purchases of Russian wheat and subsequently re-export wheat and other grains to neighboring countries if a logistics distribution center is established in the Suez Canal Economic Zone.
