International Agriculture News

Egypt imported 10 million tonnes of wheat in 2018

A report by Egypt’s Ministry of Agriculture says that Egypt has imported 10.1 million tonnes of wheat from nine countries in Eastern Europe and Asia since January.

One of the world’s largest wheat importers, Egypt imported nearly 7.1 million tonnes from Russia, the report said.

In second place came Ukraine at 100,000 tonnes.

Egypt cultivates nearly 3 million tonnes of wheat annually, but consume between 13 and 16 million tonnes of wheat every year.

In 2016/17, Egypt imported 5.5 million tonnes of wheat, compared to 4.6 million tonnes in the 2015/16 season.

In October, Egypt said it is in the early stages of talks with international banks over a plan to hedge against the global rise in commodity prices.

Cairo spends around $1.5 billion annually on wheat imports to support a sprawling bread subsidy programme relied on by tens of millions of Egyptians.