Egypt to spend $1.6 billion on local wheat purchases
date:Mar 25, 2013
Egypt's government has allocated 11 billion pounds ($1.6 billion) to buy 4.5 million tonnes of wheat from local farmers this year, state media said on Sunday as the most populous Arab country struggles to ensure supplies.

Economic turmoil and a weakening local currency has made it harder for the government to import wheat, a sensitive issue in the North African country as rising food prices have sparked unrest in the past.

Earlier this month, the cabinet said Egypt's strategic stocks of wheat
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