Egypt's wheat imports down 30% since beginning of 2025
Last year, Egypt imported over 7.1 million tons of wheat, 4 million tons of corn, and 1.8 million tons of soybeans from the beginning of January through the end of June. That marks a 30% drop in wheat imports, a 4% decrease in corn imports, and a 22% rise in soybeans imports, according to trading data seen by Reuters.
The ministry also said it is considering new origins for strategic commodities.
(Reporting by Mohamed Ezz Editing by David Goodman and Joe Bavier)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
28 minutes ago
- Zawya
East African Community (EAC) Secretary General concludes official visit to Uganda with ket strategic engagements
The Secretary General of the East African Community (EAC), Hon. Veronica Nduva, concluded a three-day official visit to the Republic of Uganda, marked by high-level engagements aimed at strengthening regional integration and enhancing cooperation. During the visit, the Secretary General, paid a courtesy call on the President of the Republic of Uganda, H.E. Yoweri Kaguta Museveni at State House in Entebbe. The two discussed key regional integration priorities, including the need for deeper cooperation among EAC Partner States. President Museveni reaffirmed Uganda's commitment to the EAC integration agenda and emphasised the importance of intra-regional trade and shared infrastructure in achieving economic prosperity across the bloc. At a different occasion, the Secretary General officiated the closing ceremony of the EAC Capacity Building Program for Women and Youth in Fisheries, a regional initiative designed to empower women and youth with skills, knowledge, and resources to participate more effectively in the fisheries value-chain. The event highlighted the EAC's commitment to inclusive economic development, particularly in supporting marginalised groups through sustainable fisheries. 'This program is a demonstration of our resolve to empower women and youth, who form the backbone of our region's socio-economic development. Investing in them means investing in the future of our communities,' Hon. Nduva remarked during the ceremony. During the visit, the Secretary General also visited the Lake Victoria Fisheries Organization (LVFO) headquarters in Jinja, Uganda. She was briefed on ongoing projects aimed at supporting sustainable fisheries management, research, and cross-border collaboration in Lake Victoria. Hon. Nduva emphasized the importance of science-based policy development, environmental sustainability, and the role of LVFO in driving the EAC's Blue Economy strategy. 'The LVFO remains a critical institution for sustainable fisheries management in the region. It is imperative that we continue to support its work to ensure food security, livelihoods, and ecosystem preservation,' Hon. Nduva said, underscoring the EAC's commitment to promoting sustainable fisheries and environmental conservation in the Lake Victoria Basin. The Secretary General's visit to the Republic of Uganda served to reaffirm the EAC Secretariat's support for Partner States in their efforts to realise the goals of the EAC Treaty, particularly in the areas of economic development, environmental sustainability, and regional cooperation. Distributed by APO Group on behalf of East African Community (EAC).
Zawya
an hour ago
- Zawya
Dana Gas recompletes Balsam-3 well in Egypt's onshore Nile Delta
Abu Dhabi – Dana Gas commenced the recompletion works at the Balsam-3 well in Egypt's onshore Nile Delta within the framework of the company's $100 million investment program. The initiative aims to support domestic gas production, expand reserves, and meet growing energy demand, according to a press release. The successful recompletion of Balsam-3 is anticipated to reduce the risk associated with drilling exploration wells in the area and further enhance output. Dana Gas announced the successful initial results from the Begonia-2 appraisal well, the first appraisal well within the Begonia development area and the first of eleven appraisal and exploration wells planned under the program. Drilling and logging results indicate that the well contains 9 billion cubic feet (bcf) of gas as an initial estimate, which is subject to increase. Located in the New El-Manzala concession and operated by El-Wastani Patrolmen Company (Wasco), Begonia-2 will produce an additional 5 million cubic feet daily. The $ investment program is expected to boost Dana Gas's long-term production in Egypt and add around 80 bcf in recoverable gas reserves over the two-year plan. Drilling is being carried out using the EDC-54 rig, and the next well is expected to spud in August. The ADX-listed company posted higher earnings in the first quarter (Q1) of 2025, driven by stronger gas pricing in Egypt following the Consolidation Concession Agreement.
Zawya
an hour ago
- Zawya
Egypt: SODIC posts 107.5% YoY consolidated profit in H1 2025
Egypt - Sixth of October Development and Investment Company (SODIC) reported a 107.48% year-on-year (YoY) surge in consolidated net profits attributable to the parent company during the first half (H1) of 2025 to EGP 1.297 billion from EGP 625.535 million, according to financial statement. Total operating revenues soared to EGP 4.779 billion in H1 2025 from EGP 3.935 billion in H1 2023. On the other hand, the firm's standalone net profits after tax soared to EGP 390.101 million in the six-month period, versus EGP 45.885 million over the same period a year ago. Meanwhile, standalone operating revenues declined to EGP 2.171 billion from EGP 1.486 billion. Established in 1996, SODIC is a mixed-use developer listed on the EGX, with a portfolio of diversified projects across Egypt, particularly in Cairo and the North Coast. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
