The price of wheat went limit-up yet again today, which is problematic for poor countries importing the food stuff. It is particularly painful for Egypt since it is the largest wheat importer in the world, and the poorest at that level of importation. The cost of wheat is now 35 percent greater today than it was a year ago. At 13 MMT, Egypt imports 62 percent of its annual wheat requirements. Indonesia is second largest, importing 11 MMT. Indonesia is about 9 percent richer than Egypt on a per capita basis, but unlike Egypt, it is 100 percent dependent on wheat imports. ...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
Regional News Egypt reiterated plans to achieve self-sufficiency in wheat supplies for the country’s subsidized bread program by 2028, although the target remains ambitious given current production and consumption dynamics. Egypt consumes approximately 21 MMT of wheat annually, with rough...
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