Egypt's Wheat Mess Is Deja Vu for Traders After Jordan Woes
- Nation follows Jordan in rejecting cargo over quality of grain
- Jordan's action led to fewer offers as traders weighed risks
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Egypt, the biggest wheat importer, is starting to find out what one of its smallest neighbors knew months ago: You can’t buck the market.
The most populous Arab nation has seen wheat prices jump, prompting Egypt to scrap three tenders in two weeks, since it tussled with traders over the quality of grain they supply and turned away a French ship it said was contaminated with fungus.