## Company Profile EGRESS INTERNATIONAL (Cairo-based freight forwarder). Operates as an Egyptian freight-forwarding and logistics provider (contact listed as Cairo Manager). Public website: http://www.egress-eg.com. Core activities (inferred from category and regional positioning): international freight forwarding (container and bulk), customs clearance, inland handling and warehousing for importers/exporters in Egypt (agri-food customers likely given Egypt’s import profile). No public scale metrics found in initial brief; positioned to serve Cairo-based importers (including wheat/maize millers, feed and food processors) and international trading houses calling Egyptian ports. ## Pain Points 1) Logistics & schedule risk from Red Sea/Suez security: clients face higher freight, insurance and unpredictable laycans; forwarder must manage rerouting, rebooking and customer exposure to delays. 2) FX and LC bottlenecks for importers: private millers/traders encounter delayed LCs and cargo rollovers; forwarder often absorbs rebook/storage costs and must juggle compressed shipment windows. 3) Supplier concentration and tendering shift: heavy reliance on Black Sea origins plus a market move from public tenders to direct trader deals creates demand for rapid exporter discovery, forward contracting and integrated supplier+logistics coordination (especially for wheat), which a forwarder must facilitate. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. MARKET EVENTS – EGYPT 2026 WHEAT & GRAIN SOURCING SHIFTS === • Import demand volumes - USDA (Cairo post) projects Egypt’s wheat imports at about **12.7 MMT in MY 2025/26**, up roughly **1.6% y/y** versus 2024/25.([apps.fas.usda.gov](https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Grain+and+Feed+Update_Cairo_Egypt_EG2025-0024.pdf&utm_source=openai)) - A separate market report citing USDA suggests Egypt could exceed **13 MMT of wheat imports** in 2025/26, a record level, reinforcing Egypt’s role as the world’s largest wheat buyer.([ecofinagency.com](https://www.ecofinagency.com/news-agriculture/1111-50358-egypt-buys-500-000-tons-of-black-sea-wheat-eyes-more-imports-by-year-end?utm_source=openai)) • Supplier mix and Black Sea dependence - USDA’s latest Egypt Grain & Feed Update shows Russia and Ukraine overwhelmingly dominating state wheat purchases in MY 2024/25: **Russia ~8.3 MMT**, **Ukraine ~2.1 MMT** of milling wheat, together close to **80–85%** of GASC-origin imports.([apps.fas.usda.gov](https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Grain+and+Feed+Update_Cairo_Egypt_EG2025-0024.pdf&utm_source=openai)) - An Egyptian media summary of 2025 customs data indicates that, over the first 9.5 months of 2025, **Russia supplied ~70.7% of Egypt’s wheat imports** and **Ukraine about 20%**, confirming the continued Black Sea concentration.([see.news](https://see.news/egypts-wheat-imports-drop-17-in-first-95-months-of-2025?utm_source=openai)) - USDA’s global grain trade brief for North Africa notes that **around 70% of Egypt’s wheat imports are from Russia**, with Russia “nearly the sole supplier” to some neighboring markets, underscoring the structural shift of North African demand toward the Black Sea.([esmis.nal.usda.gov](https://esmis.nal.usda.gov/sites/default/release-files/zs25x844t/fn108x00t/fq979t009/grain.pdf?utm_source=openai)) • Evidence of forward contracting into 2026 - Trade analysis indicates Egypt locked in around **700,000 t of wheat from Black Sea and France for delivery into 2026** via forward contracts signed in late 2025, effectively pre‑booking a notable share of its 2025/26 import needs. This is interpreted as a vote of confidence in Black Sea logistics and harvest prospects despite ongoing regional risks.([algoran-agro.com](https://algoran-agro.com/2025/12/24/egypt-wheat-imports-black-sea/?utm_source=openai)) • Role of France and non–Black Sea origins - Specialist grain press highlights a **partial comeback of French wheat** in Egypt’s 2025/26 import program as better crop quality and more competitive prices allow France to regain tenders lost during its rain‑damaged 2024 harvest.([millermagazine.com](https://millermagazine.com/blog/tenders-out-traders-in-how-egypt-is-rewiring-its-wheat-supply-chain-6480?utm_source=openai)) - However, USDA and trade data still show the EU share (mainly France, Romania, Bulgaria) as **secondary to Russia/Ukraine**, with EU origins largely opportunistic when FOB spreads move in their favor.([apps.fas.usda.gov](https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Grain+and+Feed+Update_Cairo_Egypt_EG2025-0024.pdf&utm_source=openai)) - U.S., Argentine, and Australian wheat remain **minor or sporadic** suppliers to Egypt, used primarily when Black Sea offers are constrained or for quality blending, rather than as structural replacements.([esmis.nal.usda.gov](https://esmis.nal.usda.gov/sites/default/release-files/zs25x844t/fn108x00t/fq979t009/grain.pdf?utm_source=openai)) • Structural shift: tendering and private sector role - Industry analysis describes Egypt as “rewiring” its wheat supply chain for the **2025/26 season**: - A **greater role for private traders and millers**, who have increased market share over the past three years as commercial flour exports rose. - GASC tenders remain central for subsidized bread, but more volumes are now sourced through **direct trader deals and flexible contracts** rather than purely spot public tenders.([millermagazine.com](https://millermagazine.com/blog/tenders-out-traders-in-how-egypt-is-rewiring-its-wheat-supply-chain-6480?utm_source=openai)) - This hybrid model (state + private) is intended to: - Speed up procurement decisions, - Diversify counterparties (more trading houses, not necessarily more origins), and - Better hedge against logistics shocks like Black Sea or Red Sea disruptions.([millermagazine.com](https://millermagazine.com/blog/tenders-out-traders-in-how-egypt-is-rewiring-its-wheat-supply-chain-6480?utm_source=openai)) • Direction of sourcing shifts going into 2026 - Despite earlier expectations that war‑related risk would force a pivot away from the Black Sea, the **dominant pattern for 2025/26 and into 2026 is actually deeper integration with Russian and, to a lesser degree, Ukrainian wheat**, supported by: - Competitive FOB prices from Russian ports, - Freight advantages to Mediterranean buyers, and - Bilateral arrangements that help Egypt manage dollar scarcity (see FX section below).([ecofinagency.com](https://www.ecofinagency.com/news-agriculture/1111-50358-egypt-buys-500-000-tons-of-black-sea-wheat-eyes-more-imports-by-year-end?utm_source=openai)) - Non‑Black Sea origins (EU, U.S., Southern Hemisphere) are acting more as **swing suppliers** rather than permanent replacements, though France and Romania in particular appear poised to capture incremental volumes in 2025/26 when spreads allow.([millermagazine.com](https://millermagazine.com/blog/tenders-out-traders-in-how-egypt-is-rewiring-its-wheat-supply-chain-6480?utm_source=openai)) Sources: USDA FAS Cairo grain update; USDA global grain trade report; Ecofin Agency; Sada Elbalad/Bloomberg; Miller Magazine; independent grain market analysis.([ecofinagency.com](https://www.ecofinagency.com/news-agriculture/1111-50358-egypt-buys-500-000-tons-of-black-sea-wheat-eyes-more-imports-by-year-end?utm_source=openai)) === 2. COMMODITY TRENDS – WHEAT & MAIZE PRICE TRENDS 2025–2026 AND EGYPT IMPORT COSTS === • Global price trend snapshot into 2026 - The World Bank’s April 2026 Commodity Markets Outlook projects the **food price index to edge slightly lower in 2026**, continuing a multi‑year easing after the 2022 peak.([thedocs.worldbank.org](https://thedocs.worldbank.org/en/doc/f3138644a1e8e2bb631399ae11d6c408-0050012026/original/CMO-April-2026.pdf?utm_source=openai)) - Earlier World Bank updates forecast **about a 7% decline in overall agricultural commodity prices in 2025 and again in 2026**, implying a “soft price” phase for grains (wheat, maize, rice) amid ample supplies.([millermagazine.com](https://millermagazine.com/blog/global-grain-markets-enter-a-new-cycle-of-soft-prices-6467?utm_source=openai)) • Wheat prices (global benchmarks) - A 2025 Egyptian report citing official documents notes that **global wheat prices in 2025 averaged about USD 250/t, up ~6% y/y**, which contributed to an 8% fall in Egypt’s wheat import volume to 13.2 MMT in calendar 2025 as demand rationed.([see.news](https://see.news/egypt-cuts-wheat-imports-due-to-rising-local-output-higher-prices?utm_source=openai)) - The International Grains Council (IGC) Grain Market Report summary (April 2026 update) shows the **IGC GOI wheat sub‑index roughly flat month‑on‑month**, indicating a **sideways price environment** going into the 2025/26 season, with mixed trends across key exporters.([igc.int](https://www.igc.int/gmr_summary.aspx?utm_source=openai)) - World Bank April 2026 graphics comparing futures for wheat before and after the escalation in Middle East conflict (late Feb 2026) show **modest upward pressure** on wheat futures relative to pre‑conflict levels, but not a return to the 2022 spike, suggesting risk premia rather than a full‑scale price shock.([thedocs.worldbank.org](https://www.thedocs.worldbank.org/en/doc/f3138644a1e8e2bb631399ae11d6c408-0050012026/original/CMO-April-2026.pdf?utm_source=openai)) • Maize prices (global benchmarks) - World Bank monitoring through mid‑2025 found that, on a year‑on‑year basis, **maize prices were about 2% higher**, versus **wheat 20% higher and rice 31% higher** at that point, reflecting relatively tighter conditions in wheat and rice.([thedocs.worldbank.org](https://www.thedocs.worldbank.org/en/doc/40ebbf38f5a6b68bfc11e5273e1405d4-0090012022/related/Food-Security-Update-117-June-13-2025.pdf?utm_source=openai)) - By 2025/26, the IGC projects **total grains production (wheat + coarse grains) at about 2,474 MMT**, up 4 MMT m/m, with a particularly strong maize crop in Argentina, contributing to a more comfortable maize supply outlook and reinforcing downward price pressure.([igc.int](https://www.igc.int/gmr_summary.aspx?utm_source=openai)) - Egypt‑focused maize analysis for early 2025 reports a **domestic maize stock overhang of 1.5–1.6 MMT**, pushing local spot prices below import parity even as global maize stocks tighten slightly, indicating that for Egypt the constraint is macro/FX rather than global maize scarcity.([cropgpt.ai](https://cropgpt.ai/egypt-maize-import-slowdown-and-domestic-oversupply-dynamics?utm_source=openai)) • Combined impact on Egypt’s wheat import costs - Egypt’s 2025 wheat import bill has been shaped by two opposing forces: - **Higher world wheat prices** (about +6% y/y to USD ~250/t in 2025), and - **Some volume reduction** (imports down ~8% y/y to 13.2 MMT).([see.news](https://see.news/egypt-cuts-wheat-imports-due-to-rising-local-output-higher-prices?utm_source=openai)) - Into MY 2025/26, with projected imports of **12.7–13.0 MMT** and relatively soft or sideways global prices, the main risk to Egypt’s **local currency import costs** is **exchange‑rate and financing risk** rather than pure commodity price inflation.([ecofinagency.com](https://www.ecofinagency.com/news-agriculture/1111-50358-egypt-buys-500-000-tons-of-black-sea-wheat-eyes-more-imports-by-year-end?utm_source=openai)) - Long‑term shift toward Black Sea origins (Russia, Ukraine) continues to **cap Egypt’s average landed wheat cost** versus alternatives because Black Sea FOBs plus shorter freight legs usually undercut U.S. Gulf or Australian offers by **USD 10–30/t depending on market conditions**, according to USDA trade comparisons and grain press analysis.([millermagazine.com](https://millermagazine.com/blog/global-grain-markets-enter-a-new-cycle-of-soft-prices-6467?utm_source=openai)) • Combined impact on Egypt’s maize import costs - With **domestic oversupply and weaker local feed demand**, Egypt’s effective maize import requirement has been lower than previous years, weakening responsiveness of domestic prices to global futures.([cropgpt.ai](https://cropgpt.ai/egypt-maize-import-slowdown-and-domestic-oversupply-dynamics?utm_source=openai)) - Given the IGC’s outlook for **ample 2025/26 maize supplies** and the World Bank’s expectation of **continued softening of maize prices into 2026**, any rebound in Egypt’s maize imports (e.g., if feed demand recovers) is likely to occur in a **relatively benign global price environment**, again making FX access and freight/logistics more critical cost drivers than CBOT levels alone.([igc.int](https://www.igc.int/gmr_summary.aspx?utm_source=openai)) Sources: World Bank Commodity Markets Outlook and food price updates; IGC Grain Market Report; USDA FAS; Egyptian media citing official trade data; regional grain market analysis.([see.news](https://see.news/egypt-cuts-wheat-imports-due-to-rising-local-output-higher-prices?utm_source=openai)) === 3. PROBLEM FRAMING – SUEZ/RED SEA DISRUPTION, FREIGHT & EGYPT FX/IMPORT RESTRICTIONS (2025–2026) === • Red Sea / Suez Canal security and traffic (impacting Egypt shippers) - Houthi attacks since late 2023 have turned the Red Sea into a **high‑risk corridor**, with over 100 attacks on commercial/naval vessels recorded by mid‑2025 and large‑scale rerouting of container and bulk traffic around the Cape of Good Hope.([en.wikipedia.org](https://en.wikipedia.org/wiki/Red_Sea?utm_source=openai)) - Container vessel traffic through Suez **fell ~75% in 2024 vs 2023**, a collapse that persisted into early/mid‑2025 according to maritime analytics (project44) and parliamentary research.([atlasinstitute.org](https://atlasinstitute.org/the-red-sea-shipping-crisis-2024-2025-houthi-attacks-and-global-trade-disruption/?utm_source=openai)) - A January 2026 risk report quantifies: - **90% decline in container ship traffic through Suez in 2024**, and - **~80% increase in freight rates between Shanghai and Rotterdam between 2023 and 2025**, largely driven by Red Sea insecurity and rerouting.([bcm.nacm.org](https://bcm.nacm.org/wp-content/uploads/2026/01/Houthi-attacks-in-the-Red-Sea-why-maritime-trade-is-still-not-smooth-sailing.pdf?utm_source=openai)) - Maritime trade press in mid‑2025 notes some **partial recovery in Suez/Red Sea traffic**, but many major carriers are **still avoiding east–west transits**, even after Egypt offered **up to 15% toll discounts** to large containerships to attract back volumes.([olgn.org](https://www.olgn.org/wp-content/uploads/2025/06/The-Maritime-Executive-Red-Sea-and-Suez-Canal-Traffic-Increases-But-Carriers-Still-Avoid-Transits.pdf?utm_source=openai)) • Freight routes, delays, and container/bulk rates relevant to Egypt - Rerouting of Asia–Europe and some Black Sea–Asia/Med flows around the Cape adds roughly **4,500–5,000 nautical miles** and about **+10–12 days** to voyages like Shanghai–Rotterdam, shrinking effective global shipping capacity and pushing up spot container and bulk rates.([en.wikipedia.org](https://en.wikipedia.org/wiki/Red_Sea?utm_source=openai)) - For Egypt‑bound cargoes (including wheat and maize), the picture is mixed: - **Black Sea → Egypt** bulk routes are less directly exposed to the Red Sea corridor than Asia–Europe flows, but they face **higher insurance premia** and risk pricing on vessels calling at Egyptian ports.([atlasinstitute.org](https://atlasinstitute.org/the-red-sea-shipping-crisis-2024-2025-houthi-attacks-and-global-trade-disruption/?utm_source=openai)) - **Asia → Egypt** containerized food, feed ingredients, packaging, and fertilizer products are heavily impacted by Cape rerouting, with **sustained container rate inflation** and schedule unreliability that feed into Egyptian import costs for non‑bulk agricultural inputs.([project44.com](https://www.project44.com/supply-chain-insights/the-red-sea-crisis-ceasefire-collapse-leaves-red-sea-in-tumultuous-state/?utm_source=openai)) - Environmental/operational side‑effects: longer routes via Cape imply roughly **+40% CO₂ emissions per voyage** and often higher speeds to maintain schedules, adding **another ~14% emissions** and fuel cost, which will ultimately be reflected in bunker surcharges and all‑in freight rates.([en.wikipedia.org](https://en.wikipedia.org/wiki/Red_Sea?utm_source=openai)) • Implications for grain importers’ shipment timing - For bulk grain shippers to Egypt, the combination of: - Higher war‑risk insurance in the Red Sea/Suez vicinity, - Fewer carriers willing to transit high‑risk zones, and - Port‑call congestion as traffic patterns readjust, translates into **greater variability in laycan periods** and arrival windows. Grain buyers have responded by **wider shipment periods and more flexibility clauses** in 2025/26 contracts, and in some cases by **front‑loading tenders** ahead of high‑risk seasons.([atlasinstitute.org](https://atlasinstitute.org/the-red-sea-shipping-crisis-2024-2025-houthi-attacks-and-global-trade-disruption/?utm_source=openai)) - This environment favours **origins and trading houses with integrated logistics (own or controlled fleets, established insurance channels)**, which often aligns with large Russian/Black Sea exporters that already dominate Egypt’s wheat supply.([millermagazine.com](https://millermagazine.com/blog/tenders-out-traders-in-how-egypt-is-rewiring-its-wheat-supply-chain-6480?utm_source=openai)) • Egypt’s foreign exchange shortages and import restrictions (timing effects) - While the detailed FX measures are not in the pulled documents, USDA’s latest Cairo grain update notes that **Egypt tightened export and FX rules in mid‑2025 (Decree 273, June 2025)**, requiring full deposit of export proceeds in foreign currency into the local banking system, part of broader efforts to manage FX liquidity. This context has: - Constrained private sector access to hard currency for imports, - Favoured **state‑brokered or government‑guaranteed imports** (e.g., wheat for GASC), and - Encouraged barter‑like or long‑term arrangements with key suppliers (such as Russia).([apps.fas.usda.gov](https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Grain+and+Feed+Update_Cairo_Egypt_EG2025-0024.pdf&utm_source=openai)) - FX shortages and import prioritization policies have generated: - **Delays in opening letters of credit (LCs)** for private grain importers, - Compressed shipment windows once LCs are approved, and - Occasional **cargo rollovers** when payment documentation is not ready in time, especially for maize and non‑strategic food/feed imports as banks prioritize wheat and fuel. (This effect is described across trade and macro‑economic commentary as Egypt’s central bank triages FX usage.)([cropgpt.ai](https://cropgpt.ai/egypt-maize-import-slowdown-and-domestic-oversupply-dynamics?utm_source=openai)) • Combined framing for 2026: interacting constraints For Egypt‑focused food and agri shippers going into 2026, the operating environment can be framed as the intersection of three constraints: 1. **Logistics/Security Constraint (Red Sea/Suez):** - Structural reduction (≈75–90%) in container transits through Suez in 2024–early 2025, only partially reversing by late 2025, → **higher and more volatile freight and insurance costs**, longer lead times, and higher schedule risk, especially on Asia‑oriented lanes.([project44.com](https://www.project44.com/supply-chain-insights/the-red-sea-crisis-ceasefire-collapse-leaves-red-sea-in-tumultuous-state/?utm_source=openai)) 2. **Macroeconomic/FX Constraint (Egypt):** - Chronic dollar shortages and tighter FX controls leading to **rationing of import financing**, particularly for private importers of non‑strategic commodities (e.g., maize and some feedstuffs), → **delayed contracting and shipment execution**, inventory drawdowns, and potential localized shortages or price spikes when LCs are delayed.([see.news](https://see.news/egypt-cuts-wheat-imports-due-to-rising-local-output-higher-prices?utm_source=openai)) 3. **Commodity Price Cycle Constraint (Global Grains):** - A generally softening global grain price cycle (World Bank/IGC) mitigates some of the logistics‑ and FX‑driven cost pressures, but **risk premia from Middle East conflict and Red Sea insecurity still embed in wheat/maize futures and basis levels**, especially for nearby shipments.([igc.int](https://www.igc.int/gmr_summary.aspx?utm_source=openai)) Net result for 2026: - For **wheat**, Egypt is likely to remain **highly reliant on Russian/Black Sea supply**, with procurement strategies focused on: - Securing **favourable FX terms and possibly non‑dollar arrangements**, - Managing shipment/insurance risk through experienced traders, and - Optimizing timing of purchases within a relatively soft but risk‑laden global price environment.([ecofinagency.com](https://www.ecofinagency.com/news-agriculture/1111-50358-egypt-buys-500-000-tons-of-black-sea-wheat-eyes-more-imports-by-year-end?utm_source=openai)) - For **maize and other feed grains**, the main operational issue is less global price and more **access to FX and freight capacity**, which dictates when and how quickly Egypt can replenish stocks, especially if domestic oversupply in 2025 normalizes and import demand picks up again in 2026.([igc.int](https://www.igc.int/gmr_summary.aspx?utm_source=openai)) Sources: project44 and maritime trade analysis; House of Commons/Atlas Institute; Red Sea/Suez backgrounders; Houthi‑related shipping risk reports; USDA FAS Cairo; Egyptian and international media.([atlasinstitute.org](https://atlasinstitute.org/the-red-sea-shipping-crisis-2024-2025-houthi-attacks-and-global-trade-disruption/?utm_source=openai)) Sources: • Required Report: Required - Public Distribution https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Grain+and+Feed+Update_Cairo_Egypt_EG2025-0024.pdf&utm_source=openai • Egypt buys 500,000 tons of Black Sea wheat, eyes more imports by year-end - Ecofin Agency https://www.ecofinagency.com/news-agriculture/1111-50358-egypt-buys-500-000-tons-of-black-sea-wheat-eyes-more-imports-by-year-end?utm_source=openai • Required Report: Required - Public Distribution https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Grain+and+Feed+Update_Cairo_Egypt_EG2025-0024.pdf&utm_source=openai • Egypt’s Wheat Imports Drop 17% in First 9.5 Months of 2025 | Sada Elbalad https://see.news/egypts-wheat-imports-drop-17-in-first-95-months-of-2025?utm_source=openai • July 2025 United States Department of Agriculture https://esmis.nal.usda.gov/sites/default/release-files/zs25x844t/fn108x00t/fq979t009/grain.pdf?utm_source=openai • Egypt Wheat Imports: 700,000t from Black Sea & France - Algoran Agro https://algoran-agro.com/2025/12/24/egypt-wheat-imports-black-sea/?utm_source=openai • Tenders out, traders in: How Egypt is rewiring its wheat supply chain | Miller Magazine https://millermagazine.com/blog/tenders-out-traders-in-how-egypt-is-rewiring-its-wheat-supply-chain-6480?utm_source=openai • Required Report: Required - Public Distribution https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Grain+and+Feed+Update_Cairo_Egypt_EG2025-0024.pdf&utm_source=openai • July 2025 United States Department of Agriculture https://esmis.nal.usda.gov/sites/default/release-files/zs25x844t/fn108x00t/fq979t009/grain.pdf?utm_source=openai • Tenders out, traders in: How Egypt is rewiring its wheat supply chain | Miller Magazine https://millermagazine.com/blog/tenders-out-traders-in-how-egypt-is-rewiring-its-wheat-supply-chain-6480?utm_source=openai • Tenders out, traders in: How Egypt is rewiring its wheat supply chain | Miller Magazine https://millermagazine.com/blog/tenders-out-traders-in-how-egypt-is-rewiring-its-wheat-supply-chain-6480?utm_source=openai • Egypt buys 500,000 tons of Black Sea wheat, eyes more imports by year-end - Ecofin Agency https://www.ecofinagency.com/news-agriculture/1111-50358-egypt-buys-500-000-tons-of-black-sea-wheat-eyes-more-imports-by-year-end?utm_source=openai • Tenders out, traders in: How Egypt is rewiring its wheat supply chain | Miller Magazine https://millermagazine.com/blog/tenders-out-traders-in-how-egypt-is-rewiring-its-wheat-supply-chain-6480?utm_source=openai • Egypt buys 500,000 tons of Black Sea wheat, eyes more imports by year-end - Ecofin Agency https://www.ecofinagency.com/news-agriculture/1111-50358-egypt-buys-500-000-tons-of-black-sea-wheat-eyes-more-imports-by-year-end?utm_source=openai • A World Bank Group Report | | APRIL 2026 Commodity https://thedocs.worldbank.org/en/doc/f3138644a1e8e2bb631399ae11d6c408-0050012026/original/CMO-April-2026.pdf?utm_source=openai • Global grain markets enter a new cycle of soft prices | Miller Magazine https://millermagazine.com/blog/global-grain-markets-enter-a-new-cycle-of-soft-prices-6467?utm_source=openai • Egypt Cuts Wheat Imports due to Rising Local Output, Higher Prices | Sada Elbalad https://see.news/egypt-cuts-wheat-imports-due-to-rising-local-output-higher-prices?utm_source=openai • gmr https://www.igc.int/gmr_summary.aspx?utm_source=openai • A World Bank Group Report | | APRIL 2026 Commodity https://thedocs.worldbank.org/en/doc/f3138644a1e8e2bb631399ae11d6c408-0050012026/original/CMO-April-2026.pdf?utm_source=openai • Update June 13, 2025 https://thedocs.worldbank.org/en/doc/40ebbf38f5a6b68bfc11e5273e1405d4-0090012022/related/Food-Security-Update-117-June-13-2025.pdf?utm_source=openai)