January 25, 2023
Egypt imported 71% less wheat from Ukraine in 2022
Ahmed Kamal El-Attar, Head of Central Administration of Plant Quarantine at the Ministry of Agriculture and Land Reclamation, said Egypt imported 918,000 tonnes of wheat from Ukraine, 71% less compared to the year prior, Zaywa reported.
El-Attar said Egypt's wheat imports from Russia declined 1% in 2022 to 5.4 million tonnes.
Egypt's Prime Minister Mostafa Madbouly said the country increased the cost of local wheat procurement by 42% year-on-year for the 2023 harvest, to EGP 1,250 (~US$41.83; EGP 1 = US$0.033) per ardeb, from EGP 880 (~US$29.45).
According to a cabinet statement, Madbouly said that the cost of wheat subsidies would rise to EGP 95 billion (~US$3.1 billion) by the end of the year from EGP 38 billion (~US$1.2 billion).
Ali Moselhy, the Minister of Supply and Internal Trade, said that Egypt aims to purchase 4 million tonnes of domestic wheat this season, which will begin by mid-April.
Egypt's President Abdel Fattah El-Sisi told the government to increase the supply price of wheat in order to provide farmers with a sufficient financial return.