According to official data from Egypt, the country's strategic wheat reserves are at 4.4 million tonnes, which is sufficient to meet domestic demand over the next 5 months.
The Egyptian Finance Ministry has secured GASC with a $ 64.3 million. That amount will be used for the purchase of 395,000 tonnes of wheat. $ 60.6 million are allocated for the purchase of wheat from local farmers
During the week of June 12th – 18th, 102,300 tonnes of grain were exported from the Russian port of Novorossiysk, which is by 31% less than the previous week.
On June 20th 2017 Jordan will hold an auction for the purchase of 100,000 tonnes of wheat of optional origin.
The authorities in Pakistan extended the deadline for subsidized export of wheat from the provinces of Sind and Punjab to August 31st 2017. Exporters who have stored wheat in state warehouses until March 15th 2017 can benefit from the extended term.
According to the Institute of Agricultural Economics of Mato Grosso, by the end of May farmers in the state have sold 60.4% of their soybean, 2017-2018 crop. At the end of last week, 2.6% of the corn, second crop was harvested in Brazil, and 6.6% in Matto Grosso.