CAIRO: Egypt will start buying wheat from local farmers at the average global price starting next season, the cabinet said in a statement on Thursday.
The government will also begin directly subsidising wheat farmers by granting each of them 1,300 Egyptian pounds ($161.89) per feddan, the statement said. Egypt will continue to subsidise sugar farmers at 400 Egyptian pounds per tonne.
($1 = 8.0300 Egyptian pounds)
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