Discover the story behind Egypt’s biggest ever wheat tender in our latest blog post. A decision driven by food security concerns and intelligence briefings to President Abdel Fattah Al-Sisi, this tender sought 3.8 million metric tons of wheat to secure stable bread prices for millions of Egyptians.
Despite only achieving seven percent of the target volumes, the tender highlighted Egypt’s efforts to lock in cheap imports amidst a global supply surplus. With the recent financial shocks and escalating tensions in exporting countries like Russia and Ukraine, Sisi’s personal involvement in the tender was a surprising move.
As Egypt navigates through economic crises and rising debt, the wheat tender was a strategic attempt to capitalize on low prices. However, sellers requested high prices and long payment delays, leading Egypt to explore direct deals with suppliers like Russia to secure better terms.
Join us to explore the complexities of Egypt’s wheat procurement strategy and the challenges faced in balancing economic stability with food security in a changing global landscape.
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