Egyptian government buys 4.5M tons of wheat
The Egyptian government announced that it has purchased approximately 4.5 million tons of local wheat since the start of the procurement season in mid-April, with expectations of surpassing the targeted amount of 5 million tons. The cultivated land area has increased by 600,000 acres to reach 3.7 million acres for the first time, contributing to the rise in supplies, which now account for 90% of the target. The harvest season continues until August 15, with potential plans to shift wheat support from a tangible subsidy to a cash subsidy starting in July.
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