Egypt has raised purchases by almost 40% year-on-year in the first two months of its buying season
source: Reuters
Leading global wheat buyer Egypt has raised purchases by almost 40% year-on-year in the first two months of its buying season, with its supply ministry still instructed to keep six months of strategic reserves in response to COVID-19, reportsReuters.
Between July and August, Egypt bought 2.4 million tonnes of wheat from international suppliers compared with 1.72 million tonnes purchased during the same period last year.
Egyptian President Abdel Fattah al-Sisi first instructed authorities to bolster strategic reserves in March as global food security concerns rose and supply chains experienced disruption when lockdowns were imposed to contain the pandemic.
US Corn Price Idx:ZCPAUS.CM
open: 7.0534
high: 7.0536
low: 7.0522
close: 7.0522
US Soybean Price Idx:ZSPAUS.CM
open: 15.3606
high: 15.3675
low: 15.3604
close: 15.3647
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 8.6183
high: 8.6227
low: 8.6183
close: 8.6218
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 7.8093
high: 7.8093
low: 7.8093
close: 7.8093
Copyright © 2022 WATT Global Media. Allmarket datais provided by Barchart Solutions. Futures: at least 10 minute delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please seedisclaimer.
