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Egypt's wheat imports fall 65 percent
Egypt's wheat imports declined by about 65% during the third quarter of 2026 due to disruptions in the Black Sea and geopolitical tensions, especially amidst escalating conflicts between Russia and Ukraine, as well as the Russian-Ukrainian war and unrest in the Middle East. This has led to a 34% increase in global wheat prices, reaching $315 per ton, with Egypt's imports expected to reach approximately 12 million tons by the end of the year—about a 9% decrease compared to last year. Egypt, the world's largest wheat importer, has increasingly relied on domestic production to compensate for the decline, harvesting around 5 million tons of local wheat. Meanwhile, government procurement has ceased since May, with continued dependence on the private sector. These developments reflect how international tensions are impacting wheat flows and prices, with further declines anticipated if a resolution to the Russia-Ukraine crisis is reached.
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