Falling wheat prices cut import bill by 13.7% in 9M 2019

Falling global wheat prices have knocked almost USD 20 bn off the government’s import bill this year, sources from the General Organization For Export and Import Control said. The government spent USD 1.04 bn in the first nine months of 2019, compared to USD 1.20 bn in 9M 2018, despite imports rising to 9.4 mn tonnes from 9.3 mn tonnes.