Egypt Proposing To Use Corn Flour In Subsidised Bread From April In Effort To Cut Wheat Imports; Government Has Also Considered Using Cheaper Sorghum For 20% Of Flour Used In Breadmaking; Government Dropped Earlier Plan To Increase Extraction Rate For Wheat Flour, Sources Say
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Egypt plans to use corn flour in subsidized bread starting April to reduce wheat imports. The government is also considering using sorghum for 20% of the flour in breadmaking, dropping a previous plan to increase the wheat flour extraction rate.
October 03, 2024 | 2:22 pm
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POSITIVE IMPACT
Egypt's decision to use corn flour in subsidized bread could increase demand for corn, potentially boosting corn prices.
The use of corn flour in Egypt's subsidized bread program is likely to increase demand for corn, which could lead to higher corn prices. This is significant for corn markets as Egypt is a large consumer.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Egypt's move to reduce wheat imports by using corn and sorghum in breadmaking could negatively impact wheat demand and prices.
By substituting wheat with corn and sorghum in breadmaking, Egypt is likely to reduce its wheat imports, potentially leading to a decrease in global wheat demand and prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80