Egypt's reported record local wheat purchases of 5 million tonnes this season suggest chronic smuggling has been worsened by an inflated govt purchasing price that is up to $200 per tonne above the market. Egypt, annually fixes a local procurement price that is above global prices in an attempt to encourage farmers to grow crop.
Wheat| Egypt's reported record local wheat.
June 10, 2015 8:20 AM | Skymet Weather Team
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