Egypt’s wheat imports are set to decline for a fourth year in a row, a setback for a country that in most years is the world’s biggest importer of the grain. Egypt’s wheat import prices are currently close to the highs that followed Russia’s invasion of Ukraine in 2022. View this Gro display of Egypt’s wheat supply, including data on imports, production, harvested area, and yield. While global wheat prices (represented by the orange line) have dropped substantially, Egypt's wheat import prices (blue line) remain sharply elevated due to a weak Egyptian pound. The high wheat import prices represent a setback for Egypt, whose domestic wheat supplies are projected to fall to a 20-year low.

Source: The North Africa Journal January 20, 2024 01:13 UTC