Egypt’s wheat imports hit 10-year high in 2024
Egypt’s wheat imports jumped to their highest level in 10 years in 2024, reaching 14.2 million tons, compared to 10.8 million tons in 2023, according to an official document obtained by Asharq Business.
This increase was mainly driven by the abundance of the dollar, in addition to the decline in average global wheat prices last year to $240 per ton, versus their prices in 2023, which exceeded $350 per ton.
The Egyptian government’s share of imported wheat amounted to 6.2 million tons last year, an increase of 30% over 2023, an official told Asharq Business on condition of anonymity.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
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