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The Egyptian Ministry of Finance has allocated EGP 45 billion (USD 1.4 billion) to purchase wheat from local farmers, an increase of EGP 19 billion (USD 620 million) compared to last year, Finance Minister Mohamed Maait explained in a statement released on Friday, 21 April. According to Maait, the allocation is expected to cover wheat purchases from April until mid-August. The price of one ardab of wheat (150 kilograms) is set to increase by 74 percent, from EGP 865 (USD…