Egypts government has allocated 11 billion pounds ($1.6 billion) to buy 4.5 million tonnes of wheat from local farmers this year, state media said on Sunday as the most populous Arab country struggles to ensure supplies.
Economic turmoil and a weakening local currency has made it harder for the government to import wheat, a sensitive issue in the North African country as rising food prices have sparked unrest in the past.
Earlier this month, the cabinet said Egypts strategic stocks of wheat had fallen to 2.207 million tonnes, enough to last 89 days. This compares with 2.292 million tones reported in end-February.
The government plans to spend 11 billion pounds to buy up around 4.5 million tonnes wheat from local farmers this year, state news agency MENA said after a cabinet meeting.
Reuters, via Egypt.com