Egypt says strategic wheat stock safe despite import decline

Egypt's cabinet has said its strategic wheat stock remains safe and sufficient for months, responding to claims that reduced imports had undermined supplies.

• The cabinet media center, citing the Supply Ministry, said the strategic wheat stock is safe and covers consumers' needs for several months ahead.
• Egypt received about 5 million tons of local wheat during the 2026 supply season, supported by expanded cultivated areas and a higher government procurement price.
• Alaa Ezz, advisor to the Federation of Chambers of Commerce, said global wheat prices rose about 6% on Black Sea supply disruptions and higher shipping and insurance costs.
• Ezz said Egypt holds a strategic reserve covering about six months of basic commodities, limiting the global price increase's impact on local markets.