The cabinet approved during its weekly meeting on Wednesday setting insurance price of corn, soy beans, sun flower crops for the 2023 summer season.
This falls within the framework of encouraging plantation of these crops to reduce imports.
It was agreed that the corn will be sold at EGP 9,000 per ton, soybean at EGP 18,000 and sun flower at EGP 15,000.
The General Authority for Supply Commodities will purchase these crops to ensure market balance.
Source: State Information Service Egypt