The importance of reducing the volume of wheat purchases on the domestic market for Egypt

According to forecasts from the Egyptian Ministry of Supplies, in 2024 the country's government plans to purchase 3.5 million tons of new crop wheat for state reserves on the foreign market.

Last year it was planned to purchase 4 million tons, but the profit was less. In 2022, 4.2 million tons were produced out of a planned 6 million tons.

It is expected that for the 2024/25 harvest, Egyptian farmers will sow about 3 million feddans of wheat. The country's current wheat reserves are sufficient to provide domestic grain supply for 4.3 months, and oil and sugar reserves for 5.3 months.