Industry group says government’s decision to keep the current wheat tariff framework unchanged could weaken local wheat production and increase pressure on farmers.
Grain SA says the government’s decision fails to address rising production costs and delays in the tariff system.
The financing comes as tighter global phosphate supplies create fresh opportunities for new producers entering the market.
Weaker Turkish demand has pushed Ukrainian corn prices lower, while wheat traders focus on harvest progress, weather conditions, and freight costs.
High grain stocks and lower poultry feed demand are expected to reduce Egypt’s corn import needs through mid-2026, even as the country continues efforts to strengthen food security.