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Commodity Funds Authority Sets 6 Million Ton Wheat Goal

Commodity Funds Authority Sets 6 Million Ton Wheat Goal

The Supply Commodities Authority expects the quantities of locally produced wheat supplied during the upcoming season to reach between 5.5 and 6 million tons, with continued growth in production and supply at rates exceeding 20% annually. This is expected to help reduce the gap between production and consumption, addressing about 75% of Egypt's wheat shortage. The determination of the supply price will depend on coordination between the Ministries of Finance, Agriculture, and Supply, taking into account production costs as well as both global and local market prices, in order to encourage farmers to supply and to ensure the needs of the bread system. This system heavily depends on local wheat to provide flour and reduce reliance on the external market. Additionally, the government has launched modern monitoring tools such as the “Inspector Card” application to enhance supply regulation and monitor violations, as part of efforts to strengthen food security and support the supply system.

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