Egypt Believes in Wheat Needs with Strategic Stocks and Diversification of Import Sources - the Stock Exchange.
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The prices of wheat destined for Egypt rose by about 21% in a single week and exceeded the threshold of $300 per tonne, based on the change in supply routes and the cost of cereals from alternative sources. According to market participants, Egypt bought on August 28 wheat with a protein content of 12.5%, with [...]
Wheat prices at C&F Egypt have increased by approximately 21% over the past week to exceed $300/t. The rapid rise in price occurs against the background of changes in supply logistics and an increase in the cost of grain from alternative directions. According to market participants, on August 28, Egypt purchased wheat with 12.5% protein with shipment from Baltic ports at an average price of about $310/ton CIF [...] The post Wheat prices for Egyp…
Imported wheat prices range from $300 to $330 per ton. The recent geopolitical escalation and logistical obstacles in the Black Sea region have placed Egypt's wheat market under record pressure, as a result of high import prices and the cost of Nolon, amid declining coverage of private sector needs and difficulty in providing alternatives.
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