Tridge summary
In the first seven months of 2024, Egypt has significantly increased its wheat imports, bringing in 10.8 million tonnes, a notable 2.5 million tonnes more than the same period in the previous year. Russia and Ukraine have been the primary suppliers, contributing 80% and 16% of the imports, respectively. Despite this surge, Egypt is still pushing forward with its strategy to reduce wheat dependency by introducing sorghum and corn as alternate cereals for subsidized bread, with the aim of cutting costs. To support this transition, the Egyptian government-owned grain operator, GASC, has secured a substantial direct agreement with Black Sea wheat suppliers, ensuring a consistent monthly supply of 510,000 tonnes from November 2024 until April 2025.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the customs, Egypt imported 10.8 mln tonnes of wheat in January-September 2024 (8.3 mln tonnes in the same period last year), of which 8 mln tonnes were supplied from Russia and 1.5 mln tonnes from Ukraine. As a reminder, Egypt plans to reduce wheat imports and partially replace it with sorghum and corn to reduce the cost of subsidized bread. At the same time, recently, the state-owned Egyptian grain operator GASC signed one of the largest direct agreements for monthly supply of 510 thsd tonnes of Black Sea wheat during November 2024 – April 2025. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a multi-functional online platform with ...
Source: UkrAgroConsult
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