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Egypt Seeks to Broaden Wheat Imports as Russian Prices Climb

Egypt, the world’s biggest wheat importer, is stepping up efforts to find more sources after prices it paid for Russian grain climbed almost 5 percent in less than a month.

The state-run General Authority for Supply Commodities bought Russian wheat for as little as $243.50 a metric ton on July 7, its first purchase following the expiration of a ban on grain exports from the eastern European country after almost a year. The authority paid as much as $255.25 at its latest tender on July 29.