Key facts
- Egyptian buyers have returned to the wheat market after a quiet May.
- Interest is focused on 11.5% and 12.5% protein milling wheat.
- Purchases are on a cost, insurance, and freight (cif) basis to Mediterranean ports.
- Further buyer participation is anticipated.
Egyptian buyers have re-entered the wheat market following a quiet May, signaling renewed demand for milling wheat. The interest is specifically in wheat with 11.5% and 12.5% protein content, traded on a cost, insurance, and freight (cif) basis destined for Mediterranean ports. Market participants anticipate that additional buyers will soon join the market, potentially increasing trading activity.
