Egypt Cancels Wheat Tender as Virus Supply Risks Spook Traders
- Egypt included a new clause to cover cargoes affected by virus
- Traders said that may have led to fewer offers, higher prices
Egyptian farmers harvest wheat in Saqiyat al-Manqadi village in the northern Nile Delta in 2019.
Photographer: Mohamed El-Shahed/AFP via Getty Images
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The fallout from the coronavirus crisis is starting to upend wheat tenders in the world’s top importer.