Bloomberg News

Egypt Wheat Output Climbs to 9.5 Million Tons This Season

June 06, 2012

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.

To contact the reporter on this story: Abdel Latif Wahba in Cairo at alatifwahba@bloomberg.net

To contact the editor responsible for this story: Digby Lidstone at dlidstone@bloomberg.net


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