Egypt’s wheat imports rise by 28.3% in H1 2024
Еgypt increased its wheat imports by 28.3% in the first half (H1) of 2024, an unnamed government official told Asharq Business.
Wheat imports hit 6.8 million tons during the first six months of this year, up from 5.3 million tons in the same period in 2023, the source noted.
This rise is attributed to the increased number of refugees in the country recently, pushing up the local consumption of wheat, a trader said, adding that wheat imports mainly grew due to the availability of the USD in banks over the past three months.
Read also
Palm oil prices rise 3.5% amid stronger soybean oil market and growing stocks
World’s largest cocoa producer forecasts 21–25% decline in harvest
Argentina increases wheat exports as Brazil faces a smaller harvest
China raises soybean import estimate to 111.6 mln tons but expects lower purchases...
Ust-Luga overnight incident: Could Baltic grain exports face delays?
Write to us
Our manager will contact you soon