Egypt has recorded a record level of wheat purchases from its farmers, a performance that brings the country closer to its target of 5 million tons for the current season. This result is attributed to a series of government reforms aimed at boosting local production and reducing reliance on imports.
According to official figures, authorities have already acquired 4,6 million tons of wheat since the start of the harvest in mid-April. The season is expected to continue until mid-August, suggesting the possibility of exceeding the government's target.
Prime Minister Mostafa Madbouly indicated that this volume already exceeds the total recorded for the entire previous season, thus setting a new national record. Authorities attribute this increase to several support measures implemented in recent months.
Among the reforms undertaken is an increase in state-guaranteed prices for wheat purchases. This policy has encouraged farmers to expand their cultivated areas, which have reached an unprecedented level in the country.
Egypt remains one of the world's largest wheat importers, purchasing approximately 10 million tons annually on international markets. Nearly half of this volume is allocated to the extensive national bread subsidy program, which benefits around 70 million Egyptians.
Although the government has not detailed all of its motivations, the increase in local production should help reduce the need for foreign currency and ease the pressure on public finances. Further agricultural and food reforms are also expected in the coming months to strengthen the country's food security and limit its exposure to fluctuations in global markets.
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