The Egyptian government will purchase cotton from Upper Egypt and Lower Egypt, respectively, at prices of 1000 Egyptian pounds/kansels and 1100 Egyptian pounds/cantels, based on the cost of production of the farmers.
In addition, Mu Ming stated that the government expects that the acreage of wheat this year will not be less than last year, and the area of â€‹â€‹wheat planted last year was 3.1 million Fedan. The current wheat purchase price has not yet been determined, but it will never be lower than last year's price. Last year, the purchase price of wheat was 380 Egyptian pounds/Ildalbo. It is certain that the wheat growers' profit has reached 10,000 Egyptian pounds per person.
Egyptian Minister of Agriculture Salah Abdul Mumin confirmed that the Egyptian government encourages farmers to grow cotton. The Egyptian government will allocate 225 million Egyptian pounds to purchase domestic cotton instead of importing it from abroad.
(The real-time exchange rate used in this paper is 1 US dollar = 6.1146 Egyptian pounds)
Note: Kansas is the weight name for Egypt, which equals approximately 44.928 kg. Feidan is a unit of Egypt, equal to 42 acres or Girart. Il Dubbo is a volume name that is equal to approximately 197.6 liters or 44 gallons.
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