Egypt to spend $1.6 billion on local wheat purchases
date:Mar 25, 2013
had fallen to 2.207 million tonnes, enough to last 89 days. This compares with 2.292 million tones reported in end-February.

The government plans to spend 11 billion pounds to buy up around 4.5 million tonnes wheat from local farmers this year, state news agency MENA said after a cabinet meeting.

In total, Egypt expects local wheat production to rise to between 9 million and 10 million tonnes, MENA said, without giving a time frame. That would be well above the record production of 8.523 milli
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