Egypt raises wheat supply prices

STORY: Egypt raises wheat supply prices DATELINE: April 15, 2023 LENGTH: 00:00:59 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of wheat STORYLINE: The Egyptian cabinet approved an additional incentive, during its meeting Wednesday, chaired by Prime Minister Mostafa Madbouly, to supply wheat from farmers for the 2023 season, bringing the price of wheat to EGP 1,500 per ardeb of 23.5 carats. Nader Saad, a spokesperson of the Egyptian cabinet, said Wednesday's decision aims to support Egyptian farmers, encourage the expansion of strategic crop cultivation, and reduce the import bill. This decision comes in implementation of the directives from Egyptian President Abdel-Fattah al-Sisi to revise the supply price of wheat for farmers in the current harvest season. Xinhua News Agency correspondents reporting from Cairo. (XHTV)