Egypt's government has advised that current stocks and orders of wheat will last until 19 June 2014, while the country's wheat crop has a very wide range of production estimates.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS This year's Egyptian wheat crop has a very wide range of production estimates with the highest from the agriculture ministry at 9.5 MMT, while other government officials believe that the maximum will be about 9 MMT. However, a survey of private traders indicates that they are much less positive as they expect a total crop of 7 MMT. While the agriculture ministry may be a little too enthusiastic, the traders' estimate is probably too low. A wheat production range of more than 8 MMT and just under 9 MMT is...