Brazilian agribusiness shipped 1 million tonnes of wheat to Saudi Arabia, Morocco, Sudan, and Egypt from January to April this year. The region accounted for almost half of Brazilian exports of the cereal in the period.
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The Egyptian government has provided resources as a down payment under the account of financing the purchase of the local wheat crop to encourage farmers to supply the largest amount possible and to expedite the payment of farmers’ due.
The Egyptian government issued a resolution suspending sales to the international market of some food products for three months. The purpose is to contain price hikes and ensure supplies during Ramadan.