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Public sector imports through the General Supply Authority increased by 226,500 tons in the same period last year, an increase of 7 percent and 21 percent over the average of the last four years. years, but imports from the private sector declined more than the increase in public sector imports. Russian wheat leads with 43% of total wheat imports from Egypt, followed by 23% of Ukrainian wheat, 12% of US wheat and 11% of Romanian wheat. The French 8%.
The volume of SCA imports in the first half of this year was approximately 3,487,121 tonnes, or 57% of Egypt's total wheat imports, while total contracts in the first half of this year were approximately 2 265 million tonnes, a decrease of 19% compared to contracts for the same period. Last year, with 4 offers in the second quarter and 5 in the first quarter of this year with a total of 9 offers, a gap of 3 bids less than last year for the same period, wheat Romanian ranks first in total contracts with 32% and second with Russian wheat at 28%, followed by wheat The French 21% came fourth place American wheat 11% not seen the second quarter of this year , new contracts to him as is the case for French wheat, the Ukrainian wheat last place came from 8%.
The value of imported wheat purchases in the first half of this year was $ 561.2 million, or about 9.748 billion pounds. Initial purchases averaged $ 264.87 per tonne and declined to $ 210.55 per tonne from purchases made during the same period in 2018. Value of approximately $ 627.4 million , a difference of about $ 66.1 million, allowed wheat around the world to experience a significant increase in the crop in the second quarter of this year, due to the favorable climate surrounding wheat crops in the United States. United States, France and Russia. Slow down the hundred machinery purchases in the end Mnaqstha because they think that prices will go down as well as dependence on domestic wheat more this year, especially for weeks do not go beyond the end of the new season of the offer.
In terms of domestic supply, the government received 3,271 million tonnes of local wheat for the season ending in mid-June, compared to 3.15 million tonnes last season, an increase of 4 %, and refused to receive about 1.2 million tons of wheat, because it does not meet the specifications and is not mixed with the amounts of the old crop, but down. It is estimated that the government has targeted 3.5 million tonnes of wheat during this season and that total domestic wheat production was 8.5 million tonnes, slightly higher than that of the United States. last year, where the production was about 8.7 million tons, but due to yellow rust disease wheat cultivated areas mm This resulted in a decline in production and therefore the supply, the remainder goes to private sector purchases, especially pasta plants where Egyptian wheat is characterized by higher quality than cheap foreign products.
In the private sector, private sector wheat imports decreased by 8% in the first half of 2019, a difference of 234,917 tonnes compared to the same period last year, with a total of 2,679,381 tonnes of total imports, or 43%, when the market experienced some changes, mainly imports. Many factories are now dependent on direct purchase of their quantities without the use of intermediaries, which of course has a significant impact on the liquidity movement of the sector, which works mainly on long-term payment. Large companies although some Ann does this, but it's still temporary.
MENAFN1208201901320000ID1098876336
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