Egypt

Wheat farmers in Egypt face prices uncertainty due to coronavirus

The General Authority for Supply Commodities in Egypt has taken measures to prevent wheat storage silos from the new Coronavirus, while the government is preparing to receive 4 million tons of local wheat from farmers during the supply season that begins in mid-April.

Sources in the authority affiliated to the Ministry of Supply and Internal Trade confirmed that the health status of all workers in the wheat system is being monitored from receiving it from farmers to entering silos, indicating sterilization and disinfection of about half of the silos totaling 40 silos so far in anticipation of the effects of the widespread virus. .

The ministry said it has a storage capacity of wheat of about 3.4 million tons, at 2.5 million tons belonging to the Holding Company for Silos and 975 thousand tons belonging to the Holding Company for Food Industries (the two governments).

In March, the government announced that wheat prices for the current season would be set at 700 pounds for the ardab (the ardab is equivalent to about 150 kilograms), amid a demand for an increase in supply prices to encourage cereal cultivation in the country that relies heavily on imports to meet its needs.

Wheat farmers in Egypt face prices uncertainty due to coronavirus

Late payments

Many farmers fear that the Corona virus may delay their access to wheat import due to the fact that many activities, including transportation, are exposed to stagnation as well as restrictions imposed on financial transactions.

High wheat prices globally

In light of the shortage of domestic supplies, he fears the global price of wheat will rise in light of the procedures for closing the doors on commodities, especially food, that many countries have followed to provide their needs in the first place for fear of the continued repercussions of the Corona virus. The annual volume of wheat imports from Egypt is about 12.5 million tons, according to the data of the World Food Organization (FAO).

During the recent period, wheat supplies were suspended due to travel restrictions due to the Coronavirus.

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