FILE PHOTO: A farmer displays wheat grains at a field in the Beheira Governorate, Egypt May 3, 2018. REUTERS/Mohamed Abd El Ghany/File PhotoCAIRO – 11 November 2021: The Egyptian cabinet approved a procurement price of LE 820 per ardeb (150 kilograms) of wheat at 23.5% purity just as the planting of the local crop was set to begin. This came according to a press release issued by the Cabinet on Wednesday, after the weekly meeting. Chicago futures, a global benchmark for this market, are today near their highest levels since 2013 amid supply problems. The General Authority for Supply Commodities, the government buyer of wheat in Egypt, bought 360,000 tons in a tender last week between $327 and $328.7 per ton.

Source: Egypt Today November 11, 2021 11:19 UTC