Egypt secures 1.27mln tons of wheat supply for 2025

The most purchases are coming from Russia

Egypt is set to purchase approximately 1.267 million tons of wheat to meet its needs through June 2025.

According to Reuters, a significant portion of the wheat has been sourced from Russia, with deliveries already beginning to Egyptian ports.

The Future of Egypt Fund for Sustainable Development has finalized contracts for the wheat supply.

Egypt relies on wheat imports to supply bread subsidised for 70 million people. It has faced challenges in importing grain over the past few months as its strategic reserves are dwindling.

In the middle of December The Egyptian House of Representatives, led by Speaker Hanafi El-Gebali, has approved Presidential Decree No. 533 of 2023, which formalizes a framework agreement between the Egyptian government and the Abu Dhabi Exports Office (ADEX) to finance wheat imports for Egypt’s General Authority for Supply Commodities (GASC).

Under this agreement, ADEX, an affiliate of the Abu Dhabi Fund for Development, will provide a $100 million annual revolving financing program over five years, amounting to a total of $500 million. This funding will support Egypt’s efforts to secure its wheat supply.