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المصري اليوم
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Grain Chamber Clarifies Wheat Price Outlook
Tarik Hassanein, head of the Wheat Industry Chamber at the Egyptian Chamber of Commerce, confirmed that wheat prices in Egypt are not expected to experience significant increases in the near future. Egypt possesses a strategic stockpile sufficient for seven months, along with a substantial increase in supplies during this year. He explained that the abundance of supply has led to proposals from the private sector to store additional quantities of wheat, which enhances security factors and reduces the impact of global developments and escalations in the Black Sea region on local prices. Hassanein also ruled out the possibility of a large rise in wheat prices, clarifying that any potential increases will be limited and within market expectations.
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