Egypt’s wheat imports decline by 9.6% in 1H2019

Good news for bread subsidy watchers (and bad news for wheat importers) — wheat imports, prices fall: Wheat imports declined by 9.6% in 1H2019 to 5.7 mn tonnes, the local press reported, citing data from the General Organization For Export & Import Control. Accompanying this drop in imports was a decline in global wheat prices, with Business Insider’s wheat market tracker showing a 15.2% drop in global wheat prices YTD. In other wheat news, the General Authority for Supply Commodities (GASC) said that three companies have won a tender on Tuesday to supply it with 240k tonnes of Romanian and Ukranian wheat, AMAY reported.