Egyptian wheat trade ‘chaotic’ with new state grain buyer

(GASC) to the military-linked Future of Egypt. The GASC had been responsible for procurement for decades. Egypt is one of world’s top wheat importers but saw totals drop by more than 27% year over year in the first half of 2025 to 5.2 million tonnes, while the government’s share of those imports dropped 57% to 1.5 million tonnes. This does not include domestic purchases or any purchases made through brokers or private companies. From the beginning, it was a “strange decision,” to transfer the responsibility and it was “poorly prepared and implemented,” said Dr. Alexander A. Belozertsev, president of consulting company Alexandra Inc., in response to questions from World Grain. “The key problem was, and still is, that Mostakbal Misr (the Arabic name for Future of Egypt) did not have any serious expertise and qualified staff to execute such import operations,” he said. “The government of Egypt has not sorted out certain financial flows/issues between the two agencies, and GASC is ...