AIRLINK 205.97 Increased By ▲ 5.68 (2.84%)
BOP 10.22 Decreased By ▼ -0.27 (-2.57%)
CNERGY 7.04 Decreased By ▼ -0.17 (-2.36%)
FCCL 34.64 Decreased By ▼ -0.30 (-0.86%)
FFL 17.09 Decreased By ▼ -0.33 (-1.89%)
FLYNG 24.90 Increased By ▲ 0.05 (0.2%)
HUBC 130.85 Increased By ▲ 3.04 (2.38%)
HUMNL 14.00 Increased By ▲ 0.19 (1.38%)
KEL 4.92 Decreased By ▼ -0.08 (-1.6%)
KOSM 6.77 Decreased By ▼ -0.26 (-3.7%)
MLCF 44.15 Decreased By ▼ -0.47 (-1.05%)
OGDC 221.20 Decreased By ▼ -0.95 (-0.43%)
PACE 7.23 Decreased By ▼ -0.19 (-2.56%)
PAEL 42.73 Decreased By ▼ -0.07 (-0.16%)
PIAHCLA 17.15 Decreased By ▼ -0.24 (-1.38%)
PIBTL 8.41 Decreased By ▼ -0.10 (-1.18%)
POWER 9.09 Decreased By ▼ -0.06 (-0.66%)
PPL 190.45 Decreased By ▼ -2.28 (-1.18%)
PRL 43.30 Increased By ▲ 1.80 (4.34%)
PTC 24.70 Increased By ▲ 0.26 (1.06%)
SEARL 102.40 Increased By ▲ 1.13 (1.12%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 42.63 Decreased By ▼ -1.24 (-2.83%)
SYM 18.32 Decreased By ▼ -0.44 (-2.35%)
TELE 9.28 Decreased By ▼ -0.26 (-2.73%)
TPLP 13.13 Increased By ▲ 0.05 (0.38%)
TRG 68.90 Increased By ▲ 2.71 (4.09%)
WAVESAPP 10.37 Decreased By ▼ -0.16 (-1.52%)
WTL 1.79 Increased By ▲ 0.01 (0.56%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,039 Decreased By -0.8 (-0.01%)
BR30 36,782 Increased By 93.8 (0.26%)
KSE100 114,350 Decreased By -454.4 (-0.4%)
KSE30 35,927 Decreased By -175.2 (-0.49%)

imageCAIRO: Egypt's government has bought 4.711 million tonnes of local wheat since the start of the season on April 15, the agriculture ministry said on Sunday.

The government had originally set a target of 4 million tonnes but said after reaching that volume that it would continue to buy from local farmers.

The supply ministry has said procurement would likely end in mid-June.

Egypt is paying farmers a fixed price of 420 Egyptian pounds ($47.30) per ardeb (150 kg) of wheat this year, abandoning plans to cut state subsidies by paying the global rate.

Egypt's wheat harvest runs from April to July.

In 2015, the government said it had procured a record 5.3 million tonnes of wheat from local farmers, up from 3.7 million the previous year.

Copyright Reuters, 2016

Comments

Comments are closed.