{"id":90467,"date":"2025-08-19T23:12:00","date_gmt":"2025-08-19T23:12:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=90467"},"modified":"2025-08-19T23:12:00","modified_gmt":"2025-08-19T23:12:00","slug":"egypt-agrees-to-buy-at-least-200000-tons-of-french-wheat-state-buyer-says","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=90467","title":{"rendered":"Egypt agrees to buy at least 200,000 tons of French wheat, state buyer says"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 9 Second <\/div>\n\n <\/div>
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Egypt\u2019s state grains buyer Future of Egypt has agreed to buy at least 200,000 metric tons of French wheat in recent private deals with exporters, plus several 30,000-ton cargoes of wheat from Ukraine and Romania, it told Reuters on Monday.<\/p>\n

The North African nation is one of the world\u2019s top wheat importers. On average, state agencies bring in about 5 million tons of its total wheat imports of more than 12 million tons. <\/p>\n

The military-linked Future of Egypt, or Mostakbal Misr, took over international grain purchases from the decades-old General Authority for Supply Commodities in December, marking a significant shift in the country\u2019s food procurement strategy.<\/p>\n

GASC, a civilian agency under the supply ministry, traditionally imported wheat and vegetable oils through international tenders. FoE, by contrast, has made private deals with mostly local importers.<\/p>\n

Traders said that FoE may have booked as many as seven large panamax vessels of French wheat, or more than 400,000 tons, in the past two weeks.<\/p>\n

That included at least one 63,000-ton vessel for September 10\u201320 shipment with payment via 270-day letters of credit, with other cargoes also understood to be for prompt shipment in the coming weeks, traders said.<\/p>\n

Wheat is used to produce subsidised bread for more than two-thirds of the country\u2019s 108 million people, who are already struggling with high inflation and worsening living conditions.<\/p>\n

This makes wheat imports vital for the country, which failed to reach its 4 million-5 million ton target for domestic wheat purchases for the 2024\/25 season which ended on Friday.<\/p>\n

Price estimates for the shipments were around $265 to $270 a ton cost and freight included, with some estimates of deals above $275 a ton c&f, they said.<\/p>\n

FoE declined to give details on prices or payment terms.<\/p>\n

\u201cFrance\u2019s harvest is all but finished, and French supplies are available,\u201d one German trader said.<\/p>\n

\u201cI think Egypt would prefer Russian, but Russian new-crop supplies are still stubbornly tight as farmers are not selling enough, especially 11% protein wheat.\u201d<\/p>\n

Since the transition, some agreements have reportedly been revised or delayed, with traders citing a less predictable process.<\/p>\n

Egypt\u2019s wheat imports dropped by 30% to 4.9 million tons in the first half of the year. These include imports by the state buyer as well as the private sector.<\/p>\n

FoE previously booked about\u00a0180,000 tons of French wheat\u00a0in April, with loading initially expected in May and June. However, that was not completed until early August.<\/p>\n<\/div>\n

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\"EgyptEgypt’s state grains buyer Future of Egypt has agreed to buy at least 200,000 metric tons of French wheat in recent private deals with exporters, plus several 30,000-ton cargoes of wheat from Ukraine and Romania, it told Reuters on Monday.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1972,5133,2082,10,9,6908],"tags":[],"class_list":["post-90467","post","type-post","status-publish","format-standard","hentry","category-africa","category-egypt","category-france","category-politics","category-popular","category-wheat"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/90467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90467"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/90467\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}