IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 15 Apr 2017 | Removal date: 15 Jul 2017
Still in force

Price stabilisation

On 08 March 2017, the government of Egypt announced that it raised the supply price of the wheat that it will purchase from local farmers during the Mid-April and the Mid-July 2017 period. Specifically, the government will pay EGP 550 (USD 31.07)  per approximately 150 kg of lower quality wheat and EGP 565 (USD 31.92) to  EGP 575 (32.49) for the higher quality wheat.

During the 2016 season, the government's purchasing price of wheat from local farmers was EGP 450 (USD 25.42).

The increase in the purchasing price of wheat that has been undertaken by the Egyptian government in  2017, will result in a further support for local farmers, as a higher purchasing price results in higher amounts of financial resources allocated per producer.  According to the International Monetary Fund projections, the global price of wheat for the second quarter of 2017, will be USD 147.14 per metric tonne (approximately USD 22 per 150 kg of wheat) - indicating that the price paid by the government for this specific crop is higher than the specific global market price indications.

According to the International Monetary Fund projections, the global price of wheat for the second quarter of 2017, will be USD 147.14 per metric tonne (approximately USD 22 per 150 kg of wheat) - indicating that the price paid by the government for this specific crop is higher than the global market price indications.

Nota Bene : The indications provided by the International Monetary Fund, serve as a reference enabling the comparison between the price paid by the Egyptian government and the average market price for wheat.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

011 Cereals
1001 Wheat and meslin.
100119 Other

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