USDA forecasts both countries will import about 13 million tons as demand stays high.
According to a new report by Platts, part of S&P Global Energy, the cost of milling wheat has surged amid renewed pressure on the Egyptian pound, which has dropped to over 52.39 EGP to the dollar.
Egypt has also been expanding its storage capacity and modernising logistics infrastructure to strengthen food security.
Construction of the first production line is complete, and operations for the project’s first phase are expected to begin this year.
The facility is scheduled to begin production in 2027 and will have an annual capacity of 10,000 tonnes of packaged grains.