Egypt's government announced on Friday that it is raising the supply prices of some basic crops to support local farmers – including sugar cane, corn and wheat – one day after the country floated its currency and increased the price of subsidised fuel.

The government announced in a statement that the supply price of one tonne of sugar cane increased from EGP 400 to EGP 500, and the price of one ardeb (roughly 150 kg) of wheat increased from EGP 420 to EGP 450.

The supply price of one tonne of corn also increased from EGP 2,100 to EGP 2,500, according to the statement