As the globe struggles with escalating trade tensions, Egypt has begun taking early precautions to shield its economy by stockpiling its reserves of strategic commodities—starting with wheat.
Prime Minister Mostafa Madbouly unveiled the measures at a Cairo press conference, where he cited government attempts to secure supply chains and stabilize the economy.
"We have started with wheat as a priority, increasing the local procurement price to encourage supply and strengthen our national stockpile," Madbouly said.
The government had raised the price of wheat for the 2025 season to EGP 2,200 per ardab (150 kg), at an additional budgetary expense of EGP 6 billion.
The move follows as China and the United States' trade tensions come to a head. China's Ministry of Finance on Wednesday announced a sweeping 84% tariff hike on US imports, following the White House's decision to raise tariffs on Chinese imports to 104%.
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