{"id":594335,"date":"2019-10-27T04:08:53","date_gmt":"2019-10-27T04:08:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/falling-wheat-prices-cut-import-bill-by-13-7-in-9m-2019\/"},"modified":"2019-10-27T04:08:53","modified_gmt":"2019-10-27T04:08:53","slug":"falling-wheat-prices-cut-import-bill-by-13-7-in-9m-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/falling-wheat-prices-cut-import-bill-by-13-7-in-9m-2019\/","title":{"rendered":"Falling wheat prices cut import bill by 13.7% in 9M 2019"},"content":{"rendered":"

Falling global wheat prices have knocked almost USD 20 bn off the government\u2019s import bill this year, sources from the General Organization For Export and Import Control said<\/a>. 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Falling global wheat prices have knocked almost USD 20 bn off the government\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[97,2416,317,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594335","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-agriculture","tag-basic-materials-commodities","tag-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"61f602b3-6c24-471a-8dc3-997fa68c4b6f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[594306],"teaser":"","voice_url":""},"yoast_head":"\nFalling wheat prices cut import bill by 13.7% in 9M 2019 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/falling-wheat-prices-cut-import-bill-by-13-7-in-9m-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Falling wheat prices cut import bill by 13.7% in 9M 2019\" \/>\n<meta property=\"og:description\" content=\"Falling global wheat prices have knocked almost USD 20 bn off the government\u2019s 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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/falling-wheat-prices-cut-import-bill-by-13-7-in-9m-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-27T04:08:53+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/falling-wheat-prices-cut-import-bill-by-13-7-in-9m-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/falling-wheat-prices-cut-import-bill-by-13-7-in-9m-2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Falling wheat prices cut import bill by 13.7% in 9M 2019\",\"datePublished\":\"2019-10-27T04:08:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/falling-wheat-prices-cut-import-bill-by-13-7-in-9m-2019\/\"},\"wordCount\":63,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"agriculture\",\"Basic Materials + Commodities\",\"commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/falling-wheat-prices-cut-import-bill-by-13-7-in-9m-2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/falling-wheat-prices-cut-import-bill-by-13-7-in-9m-2019\/\",\"name\":\"Falling wheat prices cut import bill by 13.7% in 9M 2019 - 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The ministry has reached almost half of its target of 4 mn tonnes for this\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641903,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/01\/wheat-imports-to-cost-egp-3-bn-more-than-planned-source\/","url_meta":{"origin":594335,"position":1},"title":"Wheat imports to cost EGP 3 bn more than planned -source","author":"enterpriseam admin","date":"1 August 2017","format":false,"excerpt":"Egypt\u2019s wheat import bill is set to increase by EGP 3 bn from projected in the FY2017-18, a Finance Ministry source told Al Mal. The expected increase follows the Supply Ministry\u2019s revised projection of having to import 7 mn tonnes of wheat during the fiscal year, from the 6.2 mn\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601508,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-uses-usd-213-mn-from-itfc-to-buy-wheat\/","url_meta":{"origin":594335,"position":2},"title":"Egypt uses USD 213 mn from ITFC to buy wheat","author":"enterpriseam admin","date":"3 March 2019","format":false,"excerpt":"The Supply Ministry secured USD 213 mn in funding from the Islamic Trade Finance Corporation (ITFC) to buy 1.02 mn tonnes of wheat, sufficient till the end of the fiscal year in June, Reuters Arabic Service reported, citing a ministry statement. State grain buyer GASC secured last month USD 1\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630413,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/19\/govt-plans-to-import-7-mn-tonnes-of-wheat-next-fiscal-year\/","url_meta":{"origin":594335,"position":3},"title":"Gov\u2019t plans to import 7 mn tonnes of wheat next fiscal year","author":"enterpriseam admin","date":"19 April 2018","format":false,"excerpt":"The government is planning to import 7 mn tonnes of wheat at an average cost of USD 220 mn per tonne during FY2018-19, Al Mal reports. As we noted yesterday, the government is also planning to increase its reliance on imported, rather than locally produced, wheat for subsidized bread production.\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602182,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/us-office-expects-egypt-to-import-12-6-mn-tonnes-of-wheat-in-my2019-20\/","url_meta":{"origin":594335,"position":4},"title":"US office expects Egypt to import 12.6 mn tonnes of wheat in MY2019-20","author":"enterpriseam admin","date":"20 March 2019","format":false,"excerpt":"Egypt is expected to import 12.6 mn tonnes of wheat in marketing year (MY) 2019-20 to fill in the demand gap, up 0.8% from 12.5 mn this MY, according to a report from the US Foreign Agricultural Service (pdf). Wheat grown at home is expected to record 8.77 mn tonnes\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624611,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/13\/wheat-import-prices-begin-to-ease-up-for-gasc\/","url_meta":{"origin":594335,"position":5},"title":"Wheat import prices begin to ease up for GASC","author":"enterpriseam admin","date":"13 September 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 235k tonnes of Russian wheat in an international tender yesterday, according to Reuters\u2019 Arabic service. 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