The Egyptian government has announced the start of the season for supplying locally produced wheat for the 2024 season. The General Authority for Supply Commodities will purchase wheat at prices of 2,000 pounds for ardeb with a purity of 23.5 carats, 1,950 pounds for ardeb with a purity of 23 carats, and 1,900 pounds for ardeb with a purity of 22.5 carats. These prices will apply to all locally grown varieties that meet quality standards.
The locally produced wheat will be marketed to various entities including the Egyptian Holding Company for Silos and Storage, the General Company for Silos and Storage, milling companies under the Holding Company for Food Industries, and the Agricultural Bank of Egypt. These entities will be responsible for receiving wheat from suppliers that meet approved conditions and specifications laid out by the Ministry of Supply and Internal Trade.
To ensure compliance with regulations during the marketing season, committees will be formed at wheat receiving and storage sites comprised of representatives from various government agencies. The Minister of Supply and Internal Trade has issued prohibitions on transporting wheat without permits and delayed payments to farmers during this time period. Any violations of these regulations will result in penalties specified under the law, with seized quantities being delivered to storage sites and violating facilities being closed administratively.
The government is taking measures to ensure a smooth supply and distribution process during this marketing season in order to maintain food security in Egypt.