Wheat

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.

This strategic takeover comes at a pivotal moment for Forafric, which has been grappling with a complex financial restructuring while maintaining its status as a leading player in transforming wheat and producing staple goods like flour, semolina, and couscous.

The rehabilitated berth will serve as Iraq’s primary entry point for wheat shipments, enabling faster vessel unloading and more efficient transfer of imports into storage and distribution networks.

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

Organizers said the programme aims to reduce reliance on imported wheat, raise incomes for smallholder farmers, and broaden consumer choice.