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Egypt procured 360 000 tonnes of wheat

Commodities

Cairo - Egypt has procured 359 565 tonnes of wheat from farmers since the start of its harvest, which began in mid-April, a supply ministry statement said on Tuesday.

That figure compares to 395 523 tonnes recorded during the same period last year, the statement said.

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Egypt's supply minister has said he expects to buy about 3.8 million tonnes from local farmers during the harvest, which runs through July.

Read also: Are Egyptian assets a buy? 

REUTERS 

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