Commodity & Trade Updates

Wheat exports are forecast at 10 million tonnes, up 300,000 tonnes from the prior FAS forecast.

The grain is used mainly in poultry feed formulations, where maize can account for 50–60% of compound feed rations.

Egypt has also been expanding its storage capacity and modernising logistics infrastructure to strengthen food security.

Tankers and container ships are avoiding the Strait of Hormuz since insurers have cancelled coverage.

This was above the 655,000 ⁠tons sought in the tender.