Reuters reported from two sources, that the state buyer of grain in Egypt, Mostakbal Misr, has accumulated enough quantity of wheat, to satisfy the country’s needs by end June 2025 . They don’t however give details on this issue, which is why some traders have started questioning the size of the transaction. We remind you, that in December we informed,
that in Egypt the purchases of grain have passed under the defense department.
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Egypt has announced the largest w history tender for wheat. Why?
Supplies Egypt in grain
What counts is talking about? As shows from sources Reuters, contracts Mostakbal Misr have found about 1,267 million tons. of which interestingly, the most came from Russia.
In December it was that Mostakbal Misr had exclusive importer of strategic raw materials to Egypt. We remind you, that Mostakbal Misr, was established in 2022 by decree of the President and was
early the development arm of Egypt’s air forces. Strategic buyer of kinds to Egypt earlier was the General Government for Goods
Delivery (GASC).
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GASC usually imported 4-5 million tons per year
-. Traders and observers have pointed to inconsistencies between data counts on contracted volumes Mostakbal Misr, according to sources, a evidence observed to date in the market,
a also about the lack of clarity on the contract terms – reported Reuters.
It is important to know, that Egypt is dependent on
imports of wheat. This country supplies subsidized bread to 70 million people.
.