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GASC concludes latest tender, with offers roughly 50% above pre-war prices
GASC has pulled off its first successful wheat tender since Russia invaded Ukraine — but it didn’t come cheap. The…
THIS MORNING: GASC launches its first tender in weeks + Forbes gives props to Egyptian healthcare players
Good morning, friends, and happy hump day. It’s a brisk day on the news front, but there’s no single theme…
THIS MORNING: What could a new IMF program look like? + No more paper covid travel forms
Good morning, nice people, and happy Monday to you all. We’re going to start with some quick announcements: Do you…
Food is more expensive than ever + EM funds brace for a tough year
Global food prices surged to a new all-time high in March as the Russia-Ukraine war battered already inflated commodities and…
War hasn’t dented growth in our Russian wheat imports
We imported 24% more wheat from Russia in March than we did the same time last year, buying some 479k…
Our wheat reserves are dipping — but FinMin has lined up the funds to buy big in the local harvest
Our strategic wheat reserves have taken a dip: Egypt currently has enough wheat to cover the next 2.6 months’ worth…
Russia upped wheat imports in March, while Ukrainian shipments remain blocked
Russia boosted wheat exports by 60% in March despite disruption caused by its war in Ukraine, Bloomberg writes, citing consultant…
Does Egypt have the capacity to store more domestic wheat this season amid import disruptions?
Egypt ramped up its domestic wheat purchase targets this season — but how feasible will storing it be? Egypt’s local…
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