Egypt has limited scope for boosting purchases of local wheat
date:May 26, 2014
prising that ousted Hosni Mubarak.

LIVING DAY TO DAY

The government has steadily increased the fixed price it pays for local wheat in recent years. This year it raised the fixed price from 420 Egyptian pounds ($58.88) per ardeb (150 kg) from 400 pounds, hoping to encourage farmers to sell to the government.

The local price exceeds the price Egypt pays in the international market by more than $100 per tonne.

But 59-year-old farmer Hussein Sobhi Hussein, standing by his water buffalo near his
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