The price of a ton of local wheat in Egypt increased by more than 1,100 pounds from last year, after the government raised the price of supplying local wheat to 885 pounds per ardeb (150 kilograms) in February, in light of the increase in fertilizer prices and the cost of labor, in addition to the lack of global supply of the basic primary commodity According to a statement by the Ministry of Finance.Wheat farmers in Egypt were demanding an increase in the supply price to 1000 pounds per ardeb. The wheat planting season starts in mid-November until the end of January, while the harvest season starts from mid-April until mid-July, but the government announced the opening of the supply door early to be the first of April next instead of in the middle, but there is no demand because the crop is not yet ripe.

The Egyptian government raised the price of wheat supply from farmers this season by 13% to 820 pounds per ardeb, and its purchasing estimates increased by 67% to about 6 million tons from farmers, instead of 3.6 million tons purchased last season.
cost increase Last March, the Egyptian Minister of Finance told Al-Sharq that the rise in wheat prices in global markets would lead to an increase in the cost of the country's imports of this commodity by a value ranging between 12 to 15 billion pounds in the budget for the current fiscal year 2021-2022. Global food prices have soared to a record high, as Russia's invasion of Ukraine begins to wreak havoc on global crop trade that is likely to raise costs further. Egypt is the largest importer of wheat in the world, and it imported about 12.9 million tons in 2020 for the government and the private sector, with a value of $3.2 billion. Egypt planted 3.62 million feddans of wheat for the current season 2022, which represents the largest area ever in its history.