The cultivated area of wheat this season has reached about 3.6 million acres, with expected productivity of more than 10 million tons, he added.
He said his ministry targets to procure 6 million tons of wheat from local farmers during the April harvest season, adding that LE 36 billion have been allocated for this purpose.
Due to the military escalation in Ukraine by Russian troops wheat supply to Egypt has been affected and caused an increase of the price of the unsubsidized bread by 25 piasters per a loaf.
Such development is expected to reflect positively on farmers in the first place, as part of the objectives of the National Water Resources Plan until 2037.
IFC noted that through the partnership, both parties will design new financial products to enable farmers - most of whom may lack direct access to electricity grid - to purchase and install solar powered irrigation pumps.
The EU contributed EUR 550 million to water projects in the last ten years.
To assess the impact of the Coronavirus (COVID-19) pandemic on farmers in Egypt, the largest recipient of IFAD financing assistance in the Middle East, Egypt Today has interviewed IFAD Country Program Manager for Egypt Mohamed Elghazaly.
"The average production per feddan of wheat is 2.7 tons, noting that what has actually been cultivated so far is about 3 million feddans.
The loan will also strengthen farmers’ agribusinesses and improve their financial wellbeing through financing purchases of various agricultural commodities such as hazelnuts, dry dairy products, grain and onions in selected countries of operation.
The crops that will be initially coded are pomegranates, beans, onions and grapes, among other crops planted in Upper Egyptian governorates.
IFC announced Tuesday joining forces with the National Bank of Egypt and the Micro, Small and Medium Enterprise Development Agency (MSMEDA) to strengthen the clean technology entrepreneurship sector .
The new amendments guarantee continuous representation of these segments in later parliaments.
Commodity traders, economists, grain merchants and farmers are anxious for crop updates as they work to project their financial balance sheets and make spring planting decisions.
The minister of agriculture asserted that the Cabinet should be committed to the decision taken by Sherif Ismail’s government to receive cotton yields from farmers
The minister of agriculture asserted that the Cabinet should be committed to the decision taken by Sherif Ismail’s government to receive cotton yields from farmers.
A total of 200,000 Egyptian farmers are prone to lose their livelihood as a result of water shortage.
Short-term loans given to farmers hit LE 5.6 billion in FY 206/2017 against LE8.2 billion in the year before.
South Africa accused Donald Trump of fuelling racial tensions on Thursday after he said farmers were being forced off their land and many of them killed.
It is a clear signal the U.S. President Donald Trump is determined to stick with tariffs as his weapon of choice in the conflict.
Last year Egypt procured about 3.6 million tonnes of wheat from farmers.