The difficult times for European wheat continue.

In brief: • Weak demand will lead to a new price drop • Imports into Egypt have decreased by 27% year-on-year The tough times for European wheat continued yesterday, as the trading session for December wheat closed at 188.75 euros/ton. The pressure in Paris is twofold, on one hand, technical corrections in Chicago ahead of the USDA report this Friday, and on the other, competition from the Black Sea. Prices for Russian 12.5% wheat continued to "fall apart," now down to $228–230/ton with delivery in September–October, against the backdrop of new crop forecasts of up to 86.1 million tons, which preserves export potential. Recently, the focus has been on delayed exports by Russia, the EU, and the US, but what is the behavior of the main importers? Egypt, one of the largest importers of wheat in the world, has seen a significant drop in imports in the first half of 2025, as a new state agency responsible for the supply of goods has started operating in the country. According to ...