Egypt’s wheat imports up 40% YoY in 8 months

In 2023, the country’s total imports of wheat amounted to 10.87 million tons

Staff Writer, Arab Finance

September 16, 2024

PHOTO

Egypt’s wheat imports surged 40% year on year (YoY) in the first eight months of 2024, registering 10.1 million tons, Asharq Business reported.

In 2023, the country’s total imports of wheat amounted to 10.87 million tons.

The global decline in wheat prices prompted Egypt to boost imports to hedge against price increases, traders said.

It is worth noting that Egypt's strategic wheat reserves reached a supply of 6.1 months.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.