Egypt's Bold Move: Largest Wheat Purchase Ever Amid Food Security Concerns

Egypt has launched its largest wheat purchase ever, aiming to secure food supplies amid rising global prices and geopolitical tensions. The initiative comes as the country seeks to bolster its wheat reserves, which are currently sufficient for over six months but aims to increase them to nine months. With ongoing negotiations and a targeted import of 3.8 million tons, Egypt's Ministry of Supply remains optimistic about acquiring wheat at reduced prices, particularly from Russia and the European Union, while also considering Turkey as a potential supplier.