Egypt’s presidency announced the launch of a revamped national commodity exchange to oversee imports and exports of essential agricultural goods, aiming to secure consistent supplies and maintain steady prices.
The exchange, majority-owned by the military-linked Future of Egypt for Sustainable Development, will act as a safety valve for local markets and balance producer and consumer interests.
Key commodities to be traded include crops, processed foods, animal feed, fertilizers, pesticides and veterinary medicines.
This move comes amid a significant decline in wheat imports, with Egypt’s wheat imports dropping over 27% year-on-year to 5.2 million metric tons in the first half of 2025.
The government has signed contracts to import 3.4 million tons of wheat and other essential goods, and the exchange is expected to play a crucial role in regulating markets and enhancing price transparency.
