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Egypt Won’t Tender for Wheat Before Mid-May, Minister Says

A bakery at a market in Cairo, on March 17.

A bakery at a market in Cairo, on March 17.

Photographer: Khaled Desouki/AFP/Getty Images

The world’s top wheat importer won’t hold its next international tender before mid-May, Egypt’s supply minister said, as it it turns to the local harvest while the war in Ukraine sends prices surging.

The announcement comes after the country scrapped its past two tenders as participation dwindled and offer prices soared in the wake of the conflict. Egypt often pauses its tenders near this time as its local crop is collected, but a three-month break would to be a lengthier than usual lull in purchases.