Arab Finance: Dr. Mostafa Madbouly, Prime Minister, met with Alaa El-Din Farouk, Minister of Agriculture and Land Reclamation, with the aim of securing the necessary financing to purchase Egyptian cotton, according to the previously announced guarantee price.
At the beginning of the meeting, the Prime Minister affirmed the government’s commitment to implementing Cotton supply guarantee priceWhich was previously announced in Cabinet Session No. (277), on February 15th.
Counselor Mohamed Al-Homsani, the official spokesman for the Presidency of the Council of Ministers, explained that the meeting witnessed confirmation of the state’s support for the Egyptian farmer in these delicate circumstances that the world is going through, noting that the importance of cotton was highlighted as an important strategic crop that represents a basic pillar of the Egyptian economy, on which many depend. Industries.
During the meeting, it was agreed that the Ministry of Finance would provide the required funding to the Ministry of Public Business Sector to purchase cotton from farmers.
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