Egypt to grow wheat on 800,000 acres in Uganda
Egypt and Uganda are close to a deal allowing Egypt to grow wheat on 800,000 acres of land in Uganda sources say.
Uganda has suitable land and a favourable climate to grow wheat, but its potential has gone largely untapped until now.
Uganda is keen to cash in on soaring world food prices and has plenty of land available according to President Yoweri Museveni, who's government recently abolished rent on industrial land in an effort to attract investors in the country.
Egypt is on of the worlds largest wheat importing nations buying around 6mmt of the grain annually.
The deal is expected to be concluded before the end of the year.
Another example of if the financial incentives are high enough then world grain production comfortably has the ability to increase output.
The Ukraine has proven that this year and huge areas of land there still have the potential to double yields as do vast areas of Russia.
Uganda has suitable land and a favourable climate to grow wheat, but its potential has gone largely untapped until now.
Uganda is keen to cash in on soaring world food prices and has plenty of land available according to President Yoweri Museveni, who's government recently abolished rent on industrial land in an effort to attract investors in the country.
Egypt is on of the worlds largest wheat importing nations buying around 6mmt of the grain annually.
The deal is expected to be concluded before the end of the year.
Another example of if the financial incentives are high enough then world grain production comfortably has the ability to increase output.
The Ukraine has proven that this year and huge areas of land there still have the potential to double yields as do vast areas of Russia.