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Global commodity prices expected to rise late 2026
A report from the Food Industries Chamber predicts that the prices of six key global commodities—wheat, sugar, maize, palm oil, rice, and coffee—are expected to rise during September and October 2026. It is anticipated that wheat prices will increase to $291 per ton, reflecting a rise of approximately 11.9%, while white sugar is expected to reach around $516. Coffee prices are also projected to rise by about 7.2%. Egypt heavily depends on importing these commodities, so the global price hikes and increased shipping costs are likely to lead to higher costs for domestic food products. This situation is compounded by strong demand and adverse weather conditions in producing regions, raising concerns over crop availability—especially after some Russian grain-exporting ports were shut down due to drone attacks. To meet its needs, Egypt imported approximately two million tons of grains between February and May 2026, amid expectations that prices will continue to rise and that the local market will remain affected by global fluctuations.
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