Egypt’s wheat production climbed to 9.5 million metric tons in the 2011-2012 growing season from about 7 million tons a year earlier, Prime Minister Kamal el- Ganzouri said.
The government had bought 2.8 million metric tons through yesterday from domestic growers at a cost of 6.5 billion Egyptian pounds ($1.1 billion), el-Ganzouri said today at a Cairo press conference. The government was expected to buy 3.5 million metric tons this growing season, he said, compared with 2.1 million tons for the 2010-2011 season.
While the government had budgeted 40 billion pounds for fuel subsidies from December through May, the actual outlay amounted to 59 billion Egyptian pounds, he said.
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