Key take-aways for grain traders & ag-investors
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Export surge. July-May shipments hit 1.9 Mt, already +300 kt YoY.
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Market share. Egypt now absorbs 13 % of all Ukrainian wheat exports (up from 10 %).
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Full-season outlook. With ~200 kt loaded in early June, FY 2024/25 volumes are on track to top 2.1 Mt (vs. 1.7 Mt last MY).
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Price signal. 11.5 % protein wheat on CIF-Egypt holds at ≈ US $235/t—slightly firmer than last year’s US $232/t.
