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Egypt Wheat Imports May Fall to 9-Year Low as War Disrupts Trade

  • Purchases could drop to 11 million tons in 2022-23: USDA FAS
  • War in Ukraine means ‘major disruptions’ for MENA wheat buyers
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Biden: Expect ‘Real’ Food Shortages Due to Ukraine War

Egypt, the world’s biggest wheat buyer, is cutting back on purchases as two of its largest suppliers are embroiled in a war that has driven prices to record highs.

The country’s imports could fall to 11 million tons in the season that kicks off in July, according to a report from the U.S. Department of Agriculture’s Foreign Agricultural Service. That would be the lowest in nine years. The agency also pared its estimate for the current year to 12 million tons, 4% below USDA’s official forecast.