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Thndr Claps » EGY Claps » Food & Beverage 🍕 » Egypt to buy 815k tons of wheat 🍞

Egypt to buy 815k tons of wheat 🍞

by Omar El Shorafa
July 3, 2022

The Clap
Egypt has agreed to buy 815,000 tons of wheat.

The Deets
Egypt is buying 815,000 tons of wheat in order to increase their reserve of wheat.

This is the largest wheat purchase since at least 2012.

Why so much wheat?
Egypt is looking to reinforce their wheat reserve so as to not be deeply affected by the war between Russia and Ukraine.

In addition to that, wheat has recently seen its price go down, making it a good time for countries to fill up on their wheat reserves.

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