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Wheat News - Egypt set its Wheat Procurement price for ongoing season
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Egypt set its Wheat Procurement price for ongoing season

On Wednesday, Egypt’s Prime Minister set its Wheat Procurement price at 1,250 Egyptian pounds per ardeb (150 kg) for the ongoing procurement season. The current price is up by 40% as compared to the previous year while 25% higher than the initial prices which were set in August 2022. The government has provided bread to more than 70 million of its 104 million citizens through subsidies.