Tridge summary
The Egyptian government has instructed mills to increase wheat bran in flour to 6.0 percent, a move expected to reduce wheat imports by 500,000 tons. This decision aims to prevent a food shortage following the interruption of wheat transport routes due to the blockade of Ukrainian ports. Egypt has also refused to purchase wheat from Russia, likely sourced from occupied Ukrainian territories. In response to rising grain prices, the government has capped bread prices to prevent social and political unrest.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
This should reduce wheat imports by 500,000 tons. According to the Danish Jyske Bank, the Egyptian government has asked mills to increase the proportion of wheat bran in flour to 6.0 percent. In Egypt, the mills are subsidized by the state. The traditional flatbread is considered a staple food for the population. For the 2021/22 marketing year, the US Department of Agriculture USDA estimates Egypt's wheat imports at 11.75 million tons. As the daily news reported last week, the plans from Cairo have made a significant contribution to the fall in grain prices. Government in Cairo rejects Russian wheat The lower wheat consumption during milling is intended to avert an impending food shortage. This concern is not unfounded, as last year Egypt got about 80 percent of its wheat imports from the Black Sea region. With the blockade of the Ukrainian ports, the most important transport routes for wheat to Egypt were interrupted. Nevertheless, the country refuses to buy grain from Russia, ...
Source: Agrarheute
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